India's startup story is absolutely intact: Snapdeal CEO

Snapdeal CEO Kunal Bahl has said that the Indian startup story is absolutely intact and there will be a strong arc of progress. During an interview with CNBC-TV18, Bahl said startups went through a frothy cycle of funding, growth and relentless hiring, now they are going through a rationalisation process. He added that it is time to cut operational costs.