Many IPO bound founders justify their loss by comparing with Amazon. 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

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 .