Home / Companies / Start Ups / How Indian unicorns are forging profits out of funding winter's ice

How Indian unicorns are forging profits out of funding winter's ice

"Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand," says Pranav Pai, founding partner at 3one4 Capital

Premium

Vidit Aatrey, Co-founder & CEO at Meesho & Sanjeev Barnwal, Co-founder and CTO at Meesho

Aryaman Gupta

4 min read Last Updated : Aug 10 2023 | 10:51 PM IST

Listen to This Article

January 22, 2022, is a historic day for the internet economy. That day Amazon declared its first ever quarterly profit. It had been around since 1995 and lost $2.8 billion till then.

The profit showed Amazon, one of the best-known internet brands, had come back from the brink, that its model could work, and that the troubles caused by the bursting of the technology bubble in the early 2000s were behind it.

Cut to last week. On July 7, Meesho, the Bengaluru-based e-commerce unicorn (a startup valued at more than $1 billion), said it had turned profitable in July. Vidit

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in