If this doesn't apply to you, please don't be offended, this is my personal opinion based on personal experiences, and the post is supposed to be neither negative nor positive, it's just a problem statement, treat it as such. There are a lot of good guys doing great things, if you believe you are one of the good guys I will be more than happy to help you out, in whatever capacity.
Some observations around Bangalore and Indian Startup Ecosystem.
Based on over 100 odd startups that I have had a conversation with and about 15 that I have directly worked with as an Advisor/Growth consultant.
Their are 3 key problems
1. Roughly 80% of so called "Startups" are blindly running after just investments
2. Very few who know how to build a product and have a good team, they are forever trapped in a vicious cycle of A/B testing(A/B/C, A/B/C/D.../N)
3. Some that have the money or have managed to raise some, they just want 100K/1000K downloads
IMO, "Investment" and "No. of Installs" are the most dangerous vanity metrics you can measure or run after.
Both the factors don't make an Iota of difference if
a) Your unit economics is not sound.
b) You don't have a good team to execute the Idea
Funny thing is 'Retention' and "Repeat customers" are as alien concepts as they can get. Let's not even talk about "processes" and "efficiencies".
Funnier is, "Monetisation" as a dream that Startups are letting their Investors sleep on.