You will not believe how many Funded startups shut down in 2016!

After the funding frenzy last in 2015, it was a tough time for startups in 2016. It was the year when funds started drying up. Several startups who had bagged enormous amounts of funding had to shut shop in 2016. This image by Tech Circle says it all.

Going by these statistics, 1 startup shut down every 10 days!

startups which have shut down in 2016

 

This clearly shows the changing trends and the need to go lean and profitable. What do you guys think?

Rutavi Bhatia

Author at Coworking India Magazine. I love writing about entrepreneurship, innovation and technology.

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