Kunal Bahl: Governance Scandals Have Hurt Trust in Indian Startups
India's startup ecosystem has been rocked by a series of governance scandals, significantly undermining investor trust and raising concerns about financial integrity. Kunal Bahl , the cofounder of Snapdeal, addressed these growing concerns, emphasizing that such scandals have had a detrimental effect on the image of Indian startups, making it crucial for founders to prioritize transparency and accountability from the outset. In an exclusive interview, Bahl highlighted that the increasing number of corporate governance issues within the startup sector has led to investor skepticism. Investors, once eager to pour capital into the fast-growing market, are now demanding stricter controls and greater oversight to ensure the financial health of startups. This shift in investor expectations, Bahl noted, has become a pivotal moment for the industry, requiring startups to embrace stronger governance frameworks to regain trust. Kunal Bahl The Growing Importance of Financial Discipline Bah...