![WATCHING EVERY PENNY](https://cdn.magzter.com/Business Today/1660819169/articles/FWrsU8YW61660890803157/WATCHING-EVERY-PENNY.jpg)
“INDIA IS NOW home to 75,000 start-ups in the 75th year of Independence and this is only the beginning,” Union Minister Piyush Goyal tweeted on Wednesday, August 3. The growth of India’s start-up landscape over the past decade has been outstanding and impressive. The third largest start-up ecosystem in the world smashed all previous records of funding volumes and unicorn creation in 2021.
Come 2022, the growth machine has slowed to a grinding halt. Entrepreneurs are waking up to the virtue of frugality once again, as easy money dries up and venture capital tumbles. This July, Unacademy Cofounder and CEO Gaurav Munjal said the company must “embrace frugality” as a core value to become cash-flow positive. “Until now we have never had frugality as one of our core values. Honestly, since we were focussed on growth and the fact that we had raised millions of dollars of capital it [frugality] wasn’t a priority,” he wrote.
Munjal isn’t alone. The call for frugality is now heard echoing across the start-up landscape. Most start-ups are unprofitable. In a growth market, investors fund them to scale up first before aiming for profitability. However, a combination of global macro events including rising inflation, supply chain disruptions due to Covid-19 and the Ukraine conflict, and the ongoing correction in public markets have brought a degree of caution. Consequently, investors are reminding companies that ‘cash is king’ and it’s time they conserve cash and extend the runway as far as possible.
هذه القصة مأخوذة من طبعة September 04, 2022 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 04, 2022 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![DE-RISKING THE BOOKS](https://reseuro.magzter.com/100x125/articles/161/1725442/jESmNTPWP1717765655679/DERISKING-THE-BOOKS.jpg)
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
![PAYING FOR CHANGE](https://reseuro.magzter.com/100x125/articles/161/1725442/oAPvDB_t71717765380982/PAYING-FOR-CHANGE.jpg)
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
![BEYOND THE BLIP](https://reseuro.magzter.com/100x125/articles/161/1725442/tzIsAwjfd1717764881447/BEYOND-THE-BLIP.jpg)
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
![BANDHAN AT A CROSSROADS](https://reseuro.magzter.com/100x125/articles/161/1725442/rs8PWsWlw1717761427398/BANDHAN-AT-A-CROSSROADS.jpg)
BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
![RESULT AND REPERCUSSIONS](https://reseuro.magzter.com/100x125/articles/161/1725442/kUbxBouy21717761103172/RESULT-AND-REPERCUSSIONS.jpg)
RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
![D-STREET ANGELS](https://reseuro.magzter.com/100x125/articles/161/1725442/cELHT8wm_1717759457537/DSTREET-ANGELS.jpg)
D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
![A Man of Multitudes](https://reseuro.magzter.com/100x125/articles/161/1725442/O-5AS37q81717767719958/A-MAN-OF-MULTITUDES.jpg)
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
![HOUSE OF THE RISING SUN](https://reseuro.magzter.com/100x125/articles/161/1725442/BFI5VM4lG1717767254941/HOUSE-OF-THE-RISING-SUN.jpg)
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
![FROM GREY TO GREEN](https://reseuro.magzter.com/100x125/articles/161/1725442/Js4WF2MIA1717766932516/FROM-GREY-TO-GREEN.jpg)
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
![ECO CHAMBER](https://reseuro.magzter.com/100x125/articles/161/1725442/yjblZGQUF1717766583387/ECO-CHAMBER.jpg)
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS