Shark Tank India 2: “top 3 worst things that happened to the startup ecosystem…;” Anupam Mittal tweets his opinions on the startup universe

In one of his latest tweets, Anupam Mittal has opinionated about the top 3 worst things to happen to the startup ecosystem in India in the recent times.

Shark Tank India’s season 02 is going on air since the first Monday of the new year, 2023. It premiered on January 02, 2023. It airs on Sony Tv and its digital sister concern Sony Liv app. This show is an Indian adaptation of an American original show called Shark Tank, which is being telecast on American Broadcasting Company since 2009. The judge in Shark Tank India season 02 are: Peyush Bansal – Co-owner and CEO of Lenskart, a premium eyewear brand in India, Vineeta Singh – Co-owner and CEO of Sugar, a cometic brand in India, Anupam Mittal – owner of Shadi.com, a matrimonial platform, Makaan.com, a real-estate platform and Mauj, a short-video platform, Aman Gupta – Co-owner of Boat, an electronic brand in India and Namita Thappar, executive board of director, Emcure pharmaceuticals and Amit Jain – Owner of Cardekho.

In one of his latest tweets, Anupam Mittal has opinionated about the top 3 worst things to happen to the startup ecosystem in India in the recent times. According to him, the term Unicorn, GMV metric & hedge funds are the top 3 worst things to have happened to the Indian startup universe. He mentions in his tweet, “Perhaps the top 3 worst things that happened to the startup ecosystem … the term unicorn, GMV metric & Hedge funds as investors.”

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According to cbinsights.com, A unicorn company, or unicorn startup, is a private company with a valuation over $1 billion. According to Investopedia.com, GMV means gross merchandise value or gross merchandise volume, usually referring to the total value of merchandise sold over a given period of time through a customer-to-customer (C2C) exchange site. And according to wikipedia.com, A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives.