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Softbank's Nikesh Arora warns startups of burning money to scale business

People in India haven't seen what happens if the environment gets sour, the Softbank vice-chairman said

Softbank's Nikesh Arora warns startups of burning money to scale business

Worried over the way a few Indian start-ups are scaling their business by throwing money, Nikesh Arora, vice-chairman of SoftBank, has warned a business slowdown could be  disastrous for the survival of these firms. Instead, Arora said, these firms should focus on building a good product and business over a period of time and not look at short-term returns. “I am a little worried about the way some of the companies in India are scaling. If you look at the West, some of the successes, companies, which turned billions of dollars, whether it's a Facebook, a Twitter or a ...