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Profit first: Soonicorn leaders caution against chasing aggressive growth over profitability at ET Soonicorns Summit 2024

Economic Times · 55y

The recently concluded roundtable at the ET Soonicorns Summit 2024 explored the delicate balance between growth and profitability for startups. The discussion highlighted the unique challenges faced by different industries, such as the capital-intensive nature of the EV sector. While some speakers emphasized the need for a clear path to profitability and building material margins, others advocated for securing sufficient capital before focusing on profitability. There was a consensus that India's startup ecosystem is evolving, with increased importance placed on financial discipline and balancing growth with profitability from the outset.