65% of start-ups feel Indian startup eco-system may be in a tech bubble: Report
Tanya DubeyFeb 17, 2017, 04.11 PM
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2016 hasn’t a great year for the Indian startup ecosystem.
According to a survey by
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The slowdown in funding has also prompted many start-ups to shut shop or get acquired to larger rivals. According to
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Respondents rated the emergence of start-ups with more robust business models coupled with more exit activity as most likely to improve investor sentiment in 2017 and The majority of respondents stated growth as their focus area in 2017; VC-backed companies, however, rated achieving profitability in the next 1-2 years as the key objective, which is the need of the hour.
Raising equity, managing talent and market creation were voted top business challenges going into 2017, hinting that the road will be full of bumpers for the emerging businesses.
Not just that start-ups also said that some sectors were more hyped than the others with Agri-tech, Artificial Intelligence and Logistics were voted as most underhyped sectors whereas Hyperlocal and Digital Payments as overhyped ones.
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Saying that Digital Payments and Artificial Intelligence were expected to be hot sectors in 2017 with demonetization and digitization being government’s top priorities after last year.
Respondents felt further Government policies to improve tax policies, facilitate cheaper financing and increase investments in digital infrastructure would most improve the start-up eco-system and the Goods and