Indians hate startups, especially companies that burn money and raise money but the truth is that 99% of Indian businesses don't make money See in India there are only 13M small businesses,88% of them are sole proprietors Out of 13M businesses, 5M businesses don't even make a rupee in revenue Close to 7 million businesses make less than a crore Out of 13M businesses, only 11,000 businesses make more than 500 crore in revenue Now most startups that raise money, want to get into the category of making more than 500 crore per annum Mostly the businesses that make more than 500 crore in revenue are B2B Businesses, software services, financial services, healthcare and education Hence to disrupt these categories you need capital and burn a lot of money in the early days
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