India’s start-up sector has boomed in the past decade due to the advent of the internet, smart phones, and wearable tech. Despite being one of the largest business ecosystems for start-ups, one in five new age entrepreneurs are forced to shut shop within the first five years of business. In 2021, investors channeled $4.4 Bn into Indian startups, however, in February 2023, Indian Startup Funding dropped 81% YoY to $693 Mn. To become successful, start-ups need to focus on having a long-term goal, and avoid chaotic growth rates and losing sight of their vision.
