With the luxury of generous funding the notion of growth without profits is a tectonic shift. But would the businesses of the late ’80s and ’90s also have chased different metrics if they had the same comfort? But like most “what if” scenarios, we have no answer. What we do have are the signs from startups that are now slowly changing their notions of growth to include profitability. On page 78-79, there’s our annual list of the under-forties making waves in business. This year’s list, our third, marks a departure from the earlier ones. We have cast our net wide, and have included smaller startups from places as far-flung as Bhubaneswar and Bellary. There’s a good representation from agribusiness, a sector that is generally ignored when talking of startups, and little focus on some super-hyped areas such as hyperlocal services. With a valuation of $51 billion and operations in over 60 countries, the car-hailing phenom is viewed by many as the model for the 21st-century corporation. What’s less known is how leading edge Uber is when it comes to minimising its tax bill. Read Fortune’s in-depth analysis on page 56-57 On page 114-115 we bring you a Classics list, to focus on 10 best-of-the-best entrepreneurs who have shown consistent growth. There’s also a smaller, but no less important, list of companies that are holding up much of the startup world. .
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