Few months ago, mama earth CEO compared it's losses with Amazon saying, "Amazon too made losses". Now Firstcry is IPO bound with their losses being 6x in 2023 and also justifoed it.
Amazon made a loss Because they invested all their profits into R&D
Most startups are making a loss because they are selling products at a discount to show high GMV
Both are not same...
I am yet to see a single big success story in India startup ecosystem which justifies 'India has arrived' and so much VC's exuberance .
Amazons losses were negligible compared to their revenue unlike these morons
Also, allegedly Amazon showed losses to prevent taxation, even though they were profitable.
Founders don't have a choice. Having raised funds or when trying to raise funds, a founder who says "we are fucked" won't be appreciated for honesty. When you want to catch the big fish you got to feed a bigger bait.
As we can see only 3-5% Indian startups become profitable and rest of are still in the loss. But Cred , Zomato, Paytm and many more loss making companies are still in the market with tag of "Unicorn". Ye kaise possible ho paa rha hai.. i...
After 16 years of existence should we still call Flipkart a startup?
Ab ho gya na fundraise? What's the point of saying these things now. You are not listed. You have already raised close to $1bn. It's not like this is bringing new customers. What's the point of all this PR now? Why not focus on executi...
