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Why the definition of a successful startup has changed in VC
Between 2015 and 2021, India produced over 100 unicorns. Capital was abundant, and the prevailing logic of growing the user base and worrying about monetisation later reflected a genuine belief that scale would eventually take care of the economics.
TL;DRAI
Indian startup success metric shifted from growth velocity to sustainable unit economics; founders must prove profitability without external capital. VC evaluation now prioritizes capital efficiency and governance over growth rate—reshaping investment strategy.
1,079 words~5 min read
