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Startups & Business
Global Startup Community: Entrepreneurship is hard - Let's help each other succeed in business.
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What's wrong with Indian (funded) startups?
In India, startups = funding. No one gives a damn if you aren't a funded company. If you are launching a startup, you better start looking for funding from venture capitalists. But how are the poster boys of Indian startup scene are doing? Well, let the numbers tell you all the story -
Have a look (click to open bigger image)
Noticed something important? The loss column has eye popping figures. Flipkart's got losses north of Rs. 5500 Cr. Almost every e-commerce company is deeply into losses with no sign of breaking even. The Hyperlocal segment is even worse - the revenues are lesser than losses! Zomato, which is quite successful in what it's doing has had losses of Rs. 492 cr against revenues of Rs. 185 cr.
Other sections aren't good either.
But look at one exceptional company out there! It's 'BookMyShow'! The company actually made a profit of Rs. 3.1 Cr against revenues of 248 Cr. Now that's what I'd want to call a 'real business'. Others, just some money thrown by VCs.
Do you think the other companies have any chance to survive? How long will the funds keep flowing in?
Have a look (click to open bigger image)
Noticed something important? The loss column has eye popping figures. Flipkart's got losses north of Rs. 5500 Cr. Almost every e-commerce company is deeply into losses with no sign of breaking even. The Hyperlocal segment is even worse - the revenues are lesser than losses! Zomato, which is quite successful in what it's doing has had losses of Rs. 492 cr against revenues of Rs. 185 cr.
Other sections aren't good either.
But look at one exceptional company out there! It's 'BookMyShow'! The company actually made a profit of Rs. 3.1 Cr against revenues of 248 Cr. Now that's what I'd want to call a 'real business'. Others, just some money thrown by VCs.
Do you think the other companies have any chance to survive? How long will the funds keep flowing in?