One part of my brain cannot comprehend seeing P&L and cash flow-related stories of popular startups news like Meesho, Fi, Snapdeal and dozen others.
Like their cash burn, why these companies exist, or if a bot had replaced the founders, companies might have burnt less cash. But the other side speaks another story.
The reason startup exists is to build high-growth companies that attain market leadership, becomes defacto, and brings innovative technology play. The resource and technology required come at a price. What works and what does not in a short period.
You have to fly or die quickly. It is like a race where everyone invests in repetitive winners.
The people putting money into these ideas are private players and AIFs. So even if all ideas fail, the country is not going into recession.
Most employees working in these companies are well paid; some bring their generation out of poverty by constructing houses, buying lands, or saving enough for higher studies.
In short, these startups are making dreams come true for some by employing them in all sectors, sizes, and classes, be it a white or blue color.