Kunal Bahl at NDTV World Summit suggests India should pursue 10,000 'Indicorns' (Rs 100 cr+ revenue) instead of chasing $1bn valuations.
Kunal Bahl, co-founder of Snapdeal, advocates for the term "Indicorns" to replace "Unicorns" in India, emphasizing the need for sustainable businesses generating over Rs 100 crore in revenue. At the NDTV World Summit, he criticized the focus on $1 billion valuations, calling it a "mythical figure." Bahl proposes that India should aim for 10,000 Indicorns to strengthen its startup ecosystem and support future growth and listings.
October 22, 2024
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