Raising money at higher valuations a mistake: Paper Boat's Kakkar

Raising venture capital or private equity funds at a valuation higher than what one deserves is a mistake for entrepreneurs, Neeraj Kakkar, CEO of Hector Beverages which manufactures Paper Boat drinks said. "We were celebrated...but that mistake cost us a lot of sleepless nights," Kakkar said. Kakkar believes that after raising VC money, there is added pressure to grow quickly.