Indian Startups: Hits and Misses of 2016

2016 has been a good year for some startups, but it has been even harsher to lots of others. There have been quite a few noticeable shutdowns such as Fashionara, PepperTap, Ask Me, etc. However, experts are of the opinion that this is how the ecosystem of startup industry works.

Around 20% of the startups can live up to their dreams and success.

According to Mohan Kumar, the ED of Norwest Venture Partners India, “Two to three years after a startup’s inception is a time when you see high mortality. There is too much competition, and only a few survive,” But, yes lots of startups have climbed up the ladder pretty fast such as Treebo, Grofers, Flyrobe, Voonik, Jugnoo and more.

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals