24 September, 2020

How Start-Ups Die Plop!

They were to inherit the earth. Start-ups, the playfield of the young and the restless, have had a hard reality check. What gives?

How Start-Ups Die Plop!
outlookindia.com
2017-03-11T11:49:53+05:30

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

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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.

Last week, there were talks of the beleaguered e-commerce major Snapdeal getting some much-needed oxygen supply from the funding arm of Softbank. The piece of statistic to zoom in on was the...

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