Whole focus on 'unicornism' in India overhyped, says Rishad Premji

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Whole focus on 'unicornism' in India overhyped, says Rishad Premji - Business Standard

Quick Summary:

Stating that people talk about valuation as opposed to building valuable businesses, he said, "We have overhyped in our country this whole focus on unicornism and we celebrate that too much.

Wipro Executive chairman Rishad Premji on Thursday said that the whole focus on "unicornism" in the country is "overhyped" and being celebrated too much.

And so, I think it is the first red sign that pops up," he said when asked about the growing trend of startups looking to achieve Unicorn status within a few months of coming into being.