The bitter truth about startups in India? Over 200 shut shop last year, a 50% increase over 2015. Seven out of 10 of these startups were founded in 2014 and had raised sizeable capital for their operations. However, despite funding, they failed. A startup founder was recently arrested over pendin…
Tag: Bhaskar Majumdar
Microlending startup SmartCoin raises $500K from Unicorn India Ventures
Early-stage venture fund Unicorn India Ventures, which is set to close its maiden fund in the range of Rs 100 crore, has made its first investment in the fintech space, leading a round of about half-a-million dollars in Bengaluru-based microlending startup SmartCoin. The startup offers loans star…