It won’t be a downturn, but the overall push from VCs and startups will be on being profitable,” he said.Usually, funding and the corresponding crunch come in cycles, and typically, these cycles take a few years to run their course.

However, a new trend seems to be emerging, he said.“Cycles are also getting compressed – earlier it used to be 15 years, shortened to five, and currently, we are seeing three years.

But, I have a feeling it might contract further,” Menon said.Since he had seen such cycles early enough, it had helped in putting together a strategy to build BigBasket, he added “This year, we experimented with various projects.

Next year is going to be about consolidation and reaping the benefits of these experiments.

We have big announcements planned for the first half of 2020,” he said.The move towards profitability has already begun in some larger Indian companies. | To read full story, visit https://startuparound.com/read/1575255605.2197046/Founders-forced-to-chase-profit,-not-just-funds?ref=audio_experience