A survey conducted by LetsVenture and Axilor Ventures also revels that four out of 10 startups are not generating revenues yet
A survey conducted by online deal-making platform LetsVenture, in partnership with accelerator-cum-VC fund Axilor Ventures, reveals that funding is the primary challenge for 3 out of 4 early-stage startups in India.
The survey ‘State of Indian Startups 2016’ also finds that four out of 10 startups are not generating revenues.
About 70 per cent of the startups surveyed said that they had started out because they thought they are solving an interesting problem.
As many as 500 startups participated in the survey.
See the inforgraphic for more details of the survey:
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