1$ billion is the new $100 million': Flush with unicorns, India’s tech moment arrives

Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on the internet companies in China.
Food-delivery app Zomato Ltd became the nation’s first unicorn to make its stock-market debut raising $1.3 billion with backing from Morgan Stanley, Tiger Global, and Fidelity Investments. The parent of digital payments startup Paytm filed a draft prospectus for what could be India.