Burning cash to capture growth may have been the mantra at several startups, but with capital becoming expensive, Sequoia Capital is telling its founders to focus on profitability. Sequoia Capital India has invested in almost 30 unicorns of the 100 that India has.
“We are just beginning to see how the increasing cost of money flows through to impact the real economy. If you’re stepping back and thinking twice, it’s not just you. Belt tightening and priority reassessment will have second- and third-order effects, as one company’s costs represent someone else’s revenue or purchasing power,” said the VC fund in a 52 page presentation to its founder community.
Business Standard reached out to several Sequoia Capital India funded company to