Snapdeal Co-founder Kunal Bahl questioned the usage of 'unicorn' term for startups and said, "[It] was coined in the context of the US - to reflect a mythical creature." Speaking at the NDTV World Summit 2024, he asked, "Why are we obsessed with a currency that is not ours?" He also stressed that India needs 10,000 indicorns, not 200-300 unicorns.