{"id":3378,"date":"2017-07-05T11:02:35","date_gmt":"2017-07-05T05:32:35","guid":{"rendered":"http:\/\/www.thinkshop.in\/?p=3378"},"modified":"2023-03-07T12:33:48","modified_gmt":"2023-03-07T07:03:48","slug":"startup-india-taking-stock","status":"publish","type":"post","link":"https:\/\/naveen.bachwani.com\/greymatter\/2017\/07\/startup-india-taking-stock\/","title":{"rendered":"Startup India: Taking Stock"},"content":{"rendered":"<p>Last month, Mint did a feature on<a href=\"http:\/\/www.livemint.com\/Companies\/BgPMXc5AYZyv8p9jO7aCMP\/Hits-and-misses-in-the-Indian-startup-universe.html\" target=\"_blank\" rel=\"noopener\"> Hits and Misses in the Indian Startup universe<\/a>. It was a great opportunity to take stock of reality, since most of what we read about in the mainstream media is a function of &#8220;survivorship bias&#8221;. Here are some interesting statistics from that story&#8230;<\/p>\n<ul>\n<li>The E-commerce sector alone has raised over $11 billion over the past decade &#8211; roughly 75% of the funds that have been raised by Indian start-ups during that period<\/li>\n<li>Of the $11 billion, Flipkart Internet Pvt. Ltd has raised more than $4.5 billion, and is now India\u2019s most valuable Internet company at $11.6 billion<\/li>\n<li>The top five most-funded start-ups in E-commerce to have shut down had raised $51.1 million in total, which doesn\u2019t include the distress sales of companies such as Letsbuy and SherSingh<\/li>\n<li>$3.1 billion (including debt) was raised by Digital Payment startups, making\u00a0Paytm &#8211; now valued at $7 billion &#8211; India\u2019s second-most valuable Internet company<\/li>\n<li>Of the 192 companies founded in the Cab Hailing category since 2007, 76 have shut shop;\u00a0Ola is currently valued at $3.5 billion<\/li>\n<li>Nearly 310 start-ups in Healthcare, of 2,678 founded since 2007, have shut shop;\u00a0Practo, 1MG, Portea are the top startups in this segment<\/li>\n<li>As many as 2,460 ventures in the Edu-tech \/ Education space incorporated since 2007; about 224 have shut down<\/li>\n<li>Of the 2,420 start-ups founded in Hyperlocal (home services+food tech+delivery) since 2007, 780 have shut shop<\/li>\n<li>As many as 514 ventures tried group buying model one way or the other, but at least 221 shut shop<\/li>\n<\/ul>\n<p>Think about those statistics for a moment; There are plenty of lessons to learn from. Here are some of my personal takeaways&#8230;<\/p>\n<ol>\n<li>A healthy dose of funding was available to those who ventured out and attempted to create an organization of value<\/li>\n<li>The best known in each segment typically finds it a bit easier to gain preferred\u00a0access to investors, markets and customers, simply by virtue of their size and brand salience<\/li>\n<li>Path-breaking, innovative ideas executed well are not the only recipe for success; Addressing a customer gap with great execution at a profitable price point can work wonders too!<\/li>\n<li>Despite significant resources at their disposal, and addressing a real customer need, countless startups did not survive the past decade<\/li>\n<\/ol>\n<p>For some of you dreaming of launching a startup, posts like these may signify doom and gloom. For others, it will probably provide the inspiration to soldier through.<\/p>\n<p>The fact is, not every venture is meant to succeed and not every startup will fail.\u00a0&#8220;<em>There is nothing in a caterpillar that tells you it&#8217;s going to be a butterfly<\/em>&#8220;, said\u00a0R. Buckminster Fuller. For me, the biggest lesson buried in these statistics is that building a successful organization takes <span style=\"text-decoration: underline\">decades<\/span>, not years. There is simply no shortcut to it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month, Mint did a feature on Hits and Misses in the Indian Startup universe. It was a great opportunity to take stock of reality,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[3,6,11,14],"class_list":["post-3378","post","type-post","status-publish","format-standard","hentry","category-blog","tag-entrepreneurship","tag-india","tag-technology","tag-work"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/posts\/3378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/comments?post=3378"}],"version-history":[{"count":1,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/posts\/3378\/revisions"}],"predecessor-version":[{"id":4040,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/posts\/3378\/revisions\/4040"}],"wp:attachment":[{"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/media?parent=3378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/categories?post=3378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naveen.bachwani.com\/greymatter\/wp-json\/wp\/v2\/tags?post=3378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}