Flashback 2016: Funded startups that shut shop

ClosedWhen an unfunded, rookie startup shuts shop, not many are surprised. But one can sense the upheaval when well-oiled, promising startups begin to fail–in that sense, 2016 was a forgettable year for India’s tech startups. At least 32 well-funded tech startups folded up in 2016, compared to merely 17 in 2015, according to a Techcircle […]

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Flawed business model or funding crunch: What led to startup shutdowns?

startups_feThe startup euphoria that was evident in 2015 seems to have subsided in 2016 with the demise of several well-funded ventures such as PepperTap, Intelligent Interfaces, Fashionara, Purple Squirrel and Flashdoor. According to a Techcircle analysis, at least 32 funded tech startups reported shutting down their operations in the first 11 months of 2016 compared […]

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One funded Indian tech startup shut shop every 10 days this year

ThinkstockPhotos-511734232Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is just that—a beginning. And […]

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Markdowns reflect sentiment, vital to see if firm is on right path: IAN’s Srivastava

Dozens of startups have shut shop in 2016 while many others have struggled with a funding crunch and valuation markdowns. But serial entrepreneur and investor Saurabh Srivastava is not too perturbed. The chairman and co-founder of the Indian Angel Network (IAN), one of the largest and oldest angel groups in the country, says it is […]

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A sneak peek into biggest M&A deals in India’s ecomm, Internet segments

games_gfx_feAs investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals. Fashion e-commerce aggregator Voonik, for instance, acquired three startups in June […]

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