A great business idea that is well-timed and a passionate team with the ability to execute the idea on ground, is what it takes to create a Unicorn in India.

At a panel discussion on creating the next 100 Unicorns in India, organised by YES Bank National CFO Forum, here, a few of the speakers said it was necessary for a start-up to offer a sustainable competitive advantage in customer experience and delivery; a clear plan on how long to continue cash burn to acquire new customers and when to focus on becoming profitable; winning the trust of customers; and creating a sustainable growth track for the company.

All the panelists felt that the government can play an active role in making start-ups successful by making changes in outdated regulations, increasing the ease of doing business and encourage start-ups to create value right here in India by providing a clear exit strategy.

The discussion was moderated by Raghuvir Srinivasan, Associate Editor of BusinessLine . Those in the panel included, Bharat Singh of Sequoia Capital Advisors, Mitesh Shah of Ola, Pius Thomas of Page Industries, Anshul Khetrapal of FreeCharge, Avinash Shekhar of Urban Ladder, Raghav Swaminathan of Wipro and Jagannathan Chakravarthi of Mindtree.

The event witnessed the unveiling of the sixth edition of YES Bank’s CFO Insights magazine, which is a unique compilation of thought leadership articles and interviews featuring the country’s most eminent CFOs.

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