Future of VC funded mobile and web based startups

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete.

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists...

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs

Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ?

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?