Downfall of Indian Startups?
Recently the news of ‘AskMeBazzar‘ was so shocking. For those who don’t know what AskMeBazaarwas :- The ‘e-Commerce company’ who had 4k employees working for them day and night and all of a sudden in the August 2016 end… it shut down it’s operations entirely.
From past few months the news of failed startups are flooding up in so many blogs. Before the election, Indian Mr.Prime Minister‘s USP for attracting younger audience was Startup, but looks like it failed miserably. Most youngsters who were working with those giant startups now are on streets looking for the job which could at least match with their job-profile and pay.
Not only AskMeBazaar so many well established startups like Taxi For Sure failed but somehow they got an offer from the giants. But do you really think that giants are doing very well? If you go on Wikipedia and search for those giants, you will come to know about their actual profits which are none! Almost everyday somewhere, someone is failing. Is it a downfall of Indian Startups?
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