India: Startups hit with reality-check as VCs turn choosy with their money

Myntra subsequently re-launched its desktop site on 1 June this year after re-opening its mobile site in February. Photo: Bloomberg

In 2016, Indian startups got a reality check with valuation markdowns, market share losses and a lack of big-ticket fund raises. But while the funding bubble burst, start-ups had a “soft landing”.

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