Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

At a time when about 100 unicorns or start-ups valued at $1 billion or above each have emerged in India, the startups also need to deliver good profits in the next 3-5 years, said Prashanth Prakash, Partner at venture capital firm Accel, on Wednesday. He said that though Indian startups have shown their ability to get great valuations,  it is only profits that will create multi-generational companies and great initial public offerings (IPOs). It is only then one can return the $150 billion invested in India, back to the investors.

“If we don't return money to our investors, we