$1 bn valuation not gold standard: BookMyShow's Ashish on unicorns

BookMyShow CEO Ashish Hemrajani said the success of a business shouldn't be linked with a $1 billion valuation, which gives a startup unicorn status. "Who came up with that number of $1 billion?...It is not the gold standard," he stated at Startup Mahakumbh event. He added that other metrics like profitability should also be considered when evaluating a business.