‘India needs more Indicorns, not just Unicorns,’ says Kunal Bahl

Snapdeal and Titan Capital cofounder Kunal Bahl said startups built on profitability—not just billion-dollar valuations—deserve greater recognition. Speaking at the TiE Delhi-NCR Summit on Friday, Bahl pointed to companies like Infosys, Wipro, and TCS as foundational examples of businesses built on patient capital and long-term profitability.“Post-2017, the media and investors began focusing only on flashy valuations and big bets,” Bahl said.

He coined the term “Indicorns” to describe Indian startups that grow sustainably, often with…