<p><strong>Why Are Startup Valuations So High? The Case of Zomato and Growth-Driven Valuations</strong></p><p>Startup valuations often spark debates. "Mind-numbing," "unrealistic," and "without any base" are common reactions in social circles and among traditional business owners. But as a corporate finance professional, let me break it down—and I’ll use Zomato, one of India’s most celebrated unicorns, to explain why these valuations make sense.</p>