Nearly one in every two new startups fails: Study
CHENNAI: Thinking of joining the startup bandwagon? There is half a chance that you will fail if you enter sectors like logistics, e-commerce, food tech and analytics as there too many players, with a sizeable number of them going bust.As many as 997 (43.7%) of 2,281 startups have had to down their shutters since June 2014, shows latest data with market research firm Xeler8. Companies in the banking, financial services and insurance (BFSI) space have turned out to be safe to invest in. Fin-tech is finding more favour with angel investors and VCs, followed by healthtech and online recruitment.”Augmented reality (AR) and virtual reality (VR) saw many failures last year. We’ve also spotted this trend of a few startups who’ve failed on one front trying their hands in a related…
Link to Full Article: Nearly one in every two new startups fails: Study
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