India needs tech companies that have $100B in revenue, not valuation: Zoho’s Sridhar Vembu

Q: How long will it take to read this news story?

The story "India needs tech companies that have $100B in revenue, not valuation: Zoho’s Sridhar Vembu" has 343 words across 17 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "India needs tech companies that have $100B in revenue, not valuation: Zoho’s Sridhar Vembu" was covered 6 days ago by YourStory, a news publisher based in India.

Q: How trustworthy is 'YourStory' news outlet?

YourStory is a fully independent (privately-owned) news outlet established in 2008 that covers mostly startups, economy, and business news. The outlet is headquartered in India and publishes an average of 5 news stories per day. It's most recent story was published 13 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23508999</li><li>URL: https://beamstart.com/news/india-needs-tech-companies-that-17313038551174</li></ul>

YourStory Logo YourStory 6d ago

India needs tech companies that have $100B in revenue, not valuation: Zoho’s Sridhar Vembu - YourStory

Quick Summary:

According to Vembu, excessive focus on valuation can detract companies from long-term vision.

The Nasdaq-listed company also announced that its board of directors has approved a stock repurchase programme, authorising the buyback of up to $400 million in outstanding Class A common stock.“Valuation should be the long-term outcome of a million things done right (along with a million other things that went wrong and taught us lessons along the way! ) but when that valuation metric becomes the target, it becomes useless (Goodhart's Law),” Vembu said.

He urged entrepreneurs to concentrate on revenue growth.