The year 2015 was the year of the unicorn for startups in India. The so-called ‘mythical beasts’, valued at $1 billion or more, grew rapidly as they rode on money from venture capitalists (VCs).

Most unicorns turned out to be less profitable businesses, taking the hard route of scaling the market share before generating tangible revenue. Their valuations turned out to be unsustainable.

Read here.

Leave Your Comment(s)