R.I.P Good Times-a memo by Sequoia Capital during the 2008 economic crisis perfectly portrays the present condition of technology start-ups in India. After years of lavish venture capital (VC) funding and investor tolerance for cash-burning, the halcyon days seem to be ending for these firms. Since January 2022, around 8,000-10,000 start-up employees have received pink slips.
This story is from the June 26, 2022 edition of Business Today India.
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This story is from the June 26, 2022 edition of Business Today India.
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