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The term unicorn has emerged from the US, suited more to the American context, and India needs to celebrate 'Indicorns' with its own benchmarks of success and business goals tailored to the Indian context, Snapdeal co-founder Kunal Bahl said on Tuesday. Drawing attention to the rampant usage of the term 'unicorn' in the Indian venture capital industry, he said the world and India have been celebrating unicorns for many years now, but it's important to ask why this concept exists in the first place. The term "unicorn" was created by a venture capitalist in the US to describe companies valued at over USD 1 billion -- "a mythical figure", the entrepreneur-turned-investor said. "India's income levels have gone up. We are seeing companies become profitable in 2-3 years from the starting point. Then why is there an obsession with a currency that is not ours? An amount which is irrelevant in our context, like why Rs 8,300 crore (USD 1 billion)?" he said. Rather, it is better to build ...
The co-founder of Snapdeal, Kunal Bahl, replaces Zomato CEO Deepinder Goyal in the fourth season of Shark Tank India. The premiere date is yet to be revealed
Titan Capital's Rohit Bansal and Kunal Bahl secured the returns on their decade-old seed cheque to the firm, having invested Rs 57 lakh in 2015
From Snapdeal's birth and evolution to his faith in startups and possible lessons from upcoming IPO, Bahl has a freewheeling conversation with Nivedita Mookerji
Piramal Enterprises said it has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board.
According to sources close to the company, Snapdeal plans to launch an IPO by 2019