India is now the world’s third-largest startup ecosystem, boasting 111 unicorns with a combined valuation of $349.67 billion
India’s unicorns often prioritise rapid expansion to maintain investor interest.
This growth imperative sometimes sidelines the basics: stability, regulatory compliance, and robust systems
High-profile startups like Paytm and Ola faced regulatory setbacks due to oversight issues, with Paytm barred from deposits and Ola receiving multiple notices
When internal structures are weak, shareholder value can erode quickly.
Startups dependent on founder vision alone may struggle if they lack discipline and fail to build resilient management frameworks
Byju’s rapid expansion strained finances, and BharatPe faced founder issues. Both highlight the need for checks, balances, and a professionalised board
As Indian unicorns aspire to become decacorns, they must embrace institution-building.
Developing robust systems and governance will be key to sustaining growth and enhancing resilience