Byju's tried to grow too fast sans corporate discipline: Rajeev Chandrasekhar
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
The discussion here is to not just create a conducive policy, but also create a slightly curated incentive system for deep-tech startups.
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
Investors and entrepreneurs have been overestimating the market, says the Infosys founder at the Fortune India 40 Under 40 Awards.
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
"From 108 unicorns I am sure we will reach 10,000 in the next 4-5 years," says Rajeev Chandrasekhar.
The startup funding also witnessed a significant drop of 24% as compared to the $7.3 billion funds raised in H2 of 2022
While founders will be blamed, the venture capital (VC) ecosystem is equally to blame, says Zerodha founder
The overall figure of unicorns reduced to 83 from 84
Every time there's a bubble, right now it is AI, it's, usually, a graveyard along the way as a lot of companies will not make it, says Deshpande.