Here’s The Scary Truth: Almost Every Major Indian Startup Has Made The Same Mistakes As Snapdeal

India’s bustling startup ecosystem is in a state of hysteria as e-commerce major Snapdeal implodes.

“I believe other startups will follow suit and by March more layoffs will be announced in other firms. There isn’t any choice. Companies will have to ‘right size’ themselves,” said Sanchit Vir Gogia, Chief Analyst and CEO at research and advisory firm Greyhound Research.

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