Funding winter for Indian startups may end this year'

The prolonged funding slump affecting Indian startups is showing signs of abating and could potentially end as early as this year, according to Anand Lunia, founding partner of venture capital firm India Quotient.

Despite the challenges, Lunia sees a silver lining in the funding winter, considering it an opportunity for genuine entrepreneurs to emerge due to the reduced competition and increased investment capacity. "I am worried the funding winter is getting over...people who start companies in the winter, usually are the real entrepreneurs as they are starting for a real reason. They are not gold diggers, who will opportunistically come and go... that's the reason I love winters," Lunia said.