Snapdeal’s Kunal Bahl defends startup cash burn—if it builds long-term value

Snapdeal cofounder Kunal Bahl said startup cash burn shouldn’t be demonised—so long as it is tied to long-term value creation. Speaking at the TiE Delhi-NCR Summit, Bahl argued that strategic spending on technology and customer acquisition, while not traditional capex, contributes to building equity.“Startups invest in tech and customer acquisition—not capex, but it’s still building equity. So we shouldn’t demonise cash burn if it’s done with clarity,” Bahl said.

His comments come amid growing scrutiny of startup financials,…