India 2016: Over 200 venture-backed startups shut shop

India 2016: Over 200 venture-backed startups shut shop

After the bumper years of 2014 and 2015 that saw a big spike in the number of startups that were founded and funded, 2016 brought in a wave of rationalisation. Not only did the year see a slowdown in the number of private equity and venture capital deals, but it also witnessed a 50 per cent year-on-year rise in closure of startups.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter