Start-ups in India with high valuations are witnessing a fund crunch and drop in valuations as investors tighten their belts and look at businesses that are sound. Image: The interesting thing is, that sector will have a lot of money coming in but if the economic models are not right, things go bad. Illustration: Uttam Ghosh/Rediff.com A few of these have shut shop as these start-ups had not built a sustainable business. "India has not seen this before. This is the first ... Rediff.com, 2 months ago
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