![Vani Kola encourages founders to bring people together who can complement them and fill the gap, and Ritesh Agarwal feels people will start rooting for success of fellow entrepreneurs in years to come.](https://img.etimg.com/thumb/msid-81984873,width-650,height-488,imgsize-183363,resizemode-75/vani-kola-encourages-founders-to-bring-people-together-who-can-complement-them-and-fill-the-gap-and-ritesh-agarwal-feels-people-will-start-rooting-for-success-of-fellow-entrepreneurs-in-years-to-come-.jpg)
Last month, Credit Suisse India, in a report, said that India is home to 100 unicorns across sectors which are collectively valued at over USD 240 billion. Soon after news of the new entrants started doing the rounds, many entrepreneurs-turned-investors took to Twitter to share their insights about successful companies.
Quoting a tweet by Navam Capital Managing Director Rajeev Mantri, Paytm founder Vijay Shekhar Sharma said it's India's time to shine with a number of start-ups joining the unicorn club. The venture capitalist's tweet showed a list of Indian start-ups that made it to the unicorns list in 2020 and 2021.
Ye apne desh ka time hai ! 🚀 https://t.co/a1eyfMpyQK
— Vijay Shekhar Sharma (@vijayshekhar) 1617893670000
Deepinder Goyal, the founder of Zomato, congratulated all the new unicorns. The businessman is confident to see a new India 10 years from now. "I am confident that there will be more than 100 new unicorns coming out of India in the next couple of years", he wrote.
Congratulations to all the new unicorns. I am confident that there will be more than 100 new unicorns coming out of… https://t.co/EJOmaoP0TY
— Deepinder Goyal (@deepigoyal) 1617894600000
Kalaari Capital founder and Managing Director Vani Kola shared a four-point plan that can make any start-up successful. In a series of tweets, the 57-year-old venture capitalist said that a few roles must be clearly defined in a new company. "Start-ups are like a team sport, with distinct skills to play the game."
She said four roles can bring any organisation to success - Visionary, Doer, Innovator & Communicator.
1. The Visionary - The one who will set the direction for the startup with a clear vision of the mission2. The Do… https://t.co/Y9dTyHKkjS
— Vani Kola (@VaniKola) 1617937248000
While the visionary sets the direction for the start-up with a clear vision of the mission, the doer can translate the vision into go-to-market strategy and disciplined processes to build the business and the innovator can convert vision into product and make something outstanding, she wrote.
As a founder, you will likely fit a combination of 1 or more of these roles. Never be afraid to be self-critical ab… https://t.co/txYc3QyNMZ
— Vani Kola (@VaniKola) 1617937249000
Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, in her tweet quoted the cockroach example. She referenced a tweet by businessman Sanjeev Bikhchandani which showed an inspirational quote by Bookmyshow co-founder Ashish Hemrajani. The quote read, "A unicorn is a f**king mythical animal. It doesn't exist. It's a horse with a horn and it's ugly. When I am asked whether Bookmyshow will ever be a unicorn, my response is that I don't know. But what I know for sure is that we are cockroaches. We are survivors, we can survive a nuclear holocaust - you put us in the microwave and we will make it. I couldn't care less about anything else."
Start by being a cockroach. https://t.co/9r8MDdburY
— Radhika Gupta (@iRadhikaGupta) 1617938046000
Entrepreneur and designer Masaba Gupta, who has left her mark in the fashion industry, was also inspired by Hemrajani's cockroach theory.
Riding the trend, Flipkart founder Sachin Bansal - who is relatively inactive on social media - decided to share his views on entrepreneurship. He said that most entrepreneurs continue working hard for the love of the game, and their only goal is getting better at it as they know they will never use the wealth they make. "Wealth is a means to keep score," he wrote.
Most entrepreneurs know they will never use the wealth they make. They work for the love of the game. Getting bette… https://t.co/oqn5Qcj2Ha
— Sachin Bansal (@_sachinbansal) 1617857860000
Earlier this week, Ritesh Agarwal had addressed a piece of fake news doing the rounds that claimed Oyo has filed for bankruptcy. When his followers expressed disappointment over the misinformation, the Oyo founder said that it's time to change and celebrate others' success.
Asking people to celebrate new unicorns Cred, Meesho, Pharmeasy and Groww, Agarwal said, "I am sure in the years to come this will change and more will root for success of fellow entrepreneurs".
I am sure in the years to come this will change and more will root for success of fellow entrepreneurs. We all need… https://t.co/nMXtXWm5bc
— Ritesh Agarwal (@riteshagar) 1617807398000
These unicorns, or startups valued at over $1 billion, are across industries, beyond technology and tech-enabled sectors as well, like pharmaceuticals, and consumer goods. From a geographical spread perspective, the unicorns are spread across the country with Bengaluru being the dominant hub and closely followed by Delhi NCR and Mumbai.
While two-thirds of these 100 unicorns came into being after 2005 and added that among the listed companies' universe, there are 336 scrips commanding a market capitalisation of over #1 billion.
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