Snapdeal founder Kunal Bahl says governance scandals have hurt trust in Indian startups

Governance scandals across India’s startup ecosystem have eroded investor and public trust, said Snapdeal and Titan Capital cofounder Kunal Bahl, urging startup founders to adopt financial discipline and oversight from day one.“In a society where trust is already fragile, governance failures hurt the entire ecosystem,” Bahl said at the TiE Delhi-NCR Summit. “There’s no excuse for it.”

His comments come in the wake of controversies involving Gensol Engineering and its sister concern BluSmart, Byju’s, BharatPe, GoMechanic, Groyyo,…