Climate change, art, diplomacy, finance in focus at the NDTV World Summit 2024

“We have been celebrating the unicorn for many years. But if you just take a look back to understand, why does this term exist? This term was actually invented by a venture capitalist in the US in the context of the US, where companies over $1 billion are based.” “Called a unicorn, which is actually a mythical figure,” said entrepreneur and investor Kunal Bahl, as he was asked why he coined the term “Indicorn”.

“As I’ve thought about how I’ve built a unicorn over the years and funded many companies that have become unicorns, I just realized why we celebrate them when what our country actually needs are long-lasting, lasting companies in which “There are startups.” “Built on the basis of real revenue and real profits?” he added while speaking at the NDTV World Summit 2024.

Mr. Bahl called for us to focus on building businesses with the intention of making them durable and long-lasting, and to strive for goals that will allow us to get there. “What India probably needs right now is not 100 or 200 or 300 unicorns or 500 unicorns. We need 10,000 Indicorns because that will form the foundation of the startup ecosystem and create the steady stream of companies that will eventually become publicly traded large companies.”