40-60 startups will be profitable in three years: Sanjeev Bikhchandani

According to ace investor Sanjeev Bikhchandani, 40 to 60 venture capital (VC)-funded new-age tech startups will be sustainably profitable within the next three years.

“I’m sitting with Ravi Mehta (of Steadview Capital) and gazing into a crystal ball.” We concluded that 40 to 60 VC-funded tech companies in India will be sustainably profitable in three years. So it’s not all doom and gloom,” Bikhchandani tweeted. He also stated that his discussion with Steadview Capital’s managing director Mehta helped him identify several viable candidate companies for the list.