Valuations should be commensurate with what companies are building

The ecosystem has been pushed into an unsustainable zone by valuations, money chasing artificial intelligence startups and circular funding loops, the Indian-origin serial entrepreneur cautioned. “People are raising money on nothing at huge valuations. Much of this stuff is probably going to go bust. VCs are going to lose a whole lot of money,” he said, while talking to ET from the office of SciFin, his latest and third…