The startup ecosystem has become a hot topic for all and sundry. They have taken off and matured because of various factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning demand within the domestic market has led to the emergence of startups.
The pace of consolidation may accelerate as the bigger players seek to pick up smaller ones before a rival does, said Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research. It’s a “land-grabbing phase” Gogia said. Also, investors have become more cautious in investments.