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Dear PM Modi, Don’t Let ‘Babus’ Kill SPACs... And Startup Dreams
08 Apr 2021, 08:02 AM IST
SPACs or Special Purpose Acquisition Companies, are the new gleam in first-generation entrepreneurs’ eyes. In one shot, SPACs could get them billions of dollars, a clutch of pedigreed investors, and a quick listing on American exchanges, thereby unlocking wealth and rocketing into the next phase of growth. Sounds like a dream come true, right? Unfortunately, as has happened before with India’s first-gen founders, it could spiral into...
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