Indian startups witness a sharp 59% fall in funding in Q2 2016: Report

1 view Reading Time: < 1 minute

Startup firms in India raised $583 million (about Rs 3,915 crore) in the second quarter this year, a sharp fall from the $2333 million (about Rs 15,666 crore) they raised a year ago, indicating falling valuation and a bearish signal from investors.

“Going forward, established segment leaders will now have to mature their business model and room for similar players to become market leaders will fade away,” said Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group.
“The startup story will now go beyond discounting and offers and be a service oriented platform for serious players,” he added.

Source: ET Tech

Leave a Reply