How To Become a Unicorn Company? | Business and Fund Raising Secrets Revealed By Kunal Bahl | FO 55

Figuring Out with Raj Shamani

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In this latest episode of Figuring Out Podcast we are in conversation with Kunal Bahl, Founder and CEO of Snapdeal and AceVector Group and we have discussed:
-Mistakes you should never make as a leader
-What’s the correct way to fire people from an organization when their vision doesn’t align any more?
-How did he receive his first investment of a million dollars in just a 2 minutes phone call?
-Things Kunal look for in a Startup before putting his own money
-What leads to the doom or success of a startup and entrepreneurs?
Kunal Bahl is often regarded as one of the early ecommerce entrepreneurs from India. And, his journey has been an inspirational one. Kunal graduated from the Jerome Fisher Program in Management and Technology, University of Pennsylvania. After completing his education, he took up a job at Microsoft in the United States but had to return to India in 2008 due to some visa complications.
Kunal joined Rohit Bansal, his childhood friend who was working for CapitalOne at that time to start Snapdeal. Kunal describes Snpdeal’s culture as “smart, generous and humble”. According to him, culture determines a company's pace of growth. In this podcast he shared how the Indian e-commerce company got its first angel investor 14 years ago.
Kunal's Social Media Handles ⤵︎
Twitter@1kunalbahl
https://twitter.com/1kunalbahl
Linkedin: https://www.linkedin.com/in/kunalbahl/
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00:00 - Introduction
02:23 - Building company culture
04:29 - Qualities to look for before hiring
08:20 - How to layoff team members?
11:32 - Hire fast fire faster doesn't work?
13:46 - What is early age investing?
20:11 - Top 3 things to look in a founder
27:22 - Snapdeal's first angel investor
31:08 - Who should raise funds?
36:30 - Startup investing is a way to build wealth?
43:41 - How does exist happen in startups?
46:37 - Kunal's most candid conversation with a Founder
52:38 - Top 3 things to make a business successful
56:24 - Indian Consumers Vs US Consumers
1:00:34 - How to build loyalty with customers
1:08:15 - How to learn business and startups?
1:13:24 - Why Health-tech is the next big industry?
1:18:40 - Conclusion
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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
To Know More,
Follow Raj Shamani On ⤵︎
Instagram @RajShamani
https://www.instagram.com/rajshamani
Twitter @RajShamani
https://twitter.com/rajshamani
Facebook @ShamaniRaj
https://www.facebook.com/shamaniraj
LinkedIn - Raj Shamani
https://in.linkedin.com/in/rajshamani