In October last year, CNN declared “After a sustained funding
frenzy, investor enthusiasm for the country's tech startups has fallen sharply
this year.”
Economic Times said that “funding for startups almost
halved” in 2016, down to $3.8 billion as compared to $7.6 billion in 2015.
Undoubtedly, the interest in the Indian startup ecosystem has
shrunk among the investors. There’s less investment on the scene. And the
enthusiasm, that was evident, among the entrepreneurs couple of years back, has
decreased.
However, we cannot write any obituary as of yet. The reason
for this slump might not necessarily mean a bad forecast for the Indian startup
scene; it could well possibly mean the lack of original and relevant ideas.