Focus on ‘unicornism’ in India overhyped, says Wipro’s Rishad Premji

Wipro Executive chairman Rishad Premji on Thursday said that the whole focus on “unicornism” in the country is “overhyped” and being celebrated too much.

“You want to focus on building businesses that sustain and then ultimately value will come. You cannot start your journey saying I want to (have) a value of X, Y and Z. That is very turning off. And so, I think it is the first red sign that pops up,” he said when asked about the growing trend of startups looking to achieve Unicorn status within a few months of coming into being.