Over the past two decades, Young Turks has consistently captured the rise of India’s first-generation entrepreneurs with no historical background or deep pockets, but full of audacity to build Internet businesses relevant to the post-liberalization mobile first generation. from India. And the growth has been exponential.
India’s startup ecosystem is currently valued at $400 billion and the country is now home to over 65,000 startups.
From just 8 unicorns in the 5 year period from 2011 to 2015, India hit a record high of 44 unicorns in 2021 and in 2022 we have already added 16 billion dollar startups to the tally.
However, the era of rewarding hyper-growth at all costs is rapidly coming to an end. Investors look to companies that can demonstrate profitability in the here and now.
For many young founders, this could be their first downturn. So, to take stock of the lessons of the past and develop an action plan to deal with the current difficult environment, CNBC-TV18 spoke with Sanjeev Aggarwal, co-founder of Helion Venture Partners and Nitish Mittersain, founder from Nazara Technologies.
Watch the video to learn more.