Funds Raised By Indian Start Ups
- 2014 2.9 billion
- 2015 4.9 billion
- 2016 3.8-4 billion
All figures in US $
Source: Nasscom-Zinnov study
We don’t know the ceremonial rites followed at the collective ‘start-up funeral’ in Bangalore last month—was it cremation, or burial? And if the latter, was it in foetal position, in padmasana or standing upright? Upside down, nose first, may have been appropriate for some of them. That would visually match the steep clines observed on the performance graphs. Yes, many of them are still fighting. And yes, in India we believe in rebirth. But the story of the post-hype years is most elegantly caught in some startling data.
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