Consolidation of start-ups to be key in 2016

Consolidation and customer experience are expected to be the buzzwords for startups this year as entrepreneurs focus on bringing in innovation across sectors like education, healthcare and financial inclusion.

Consolidation is a natural progression, but one can expect more big scale consolidation in 2016, according to industry players.

Shopclues founder Sandeep Aggarwal said e-commerce and food technology will see noticeable consolidation.

“Consolidation activities will be the next big trend in the landscape and will help the startup ecosystem to strengthen itself, building strong foundation for growth and leveraging strengths of each other,” added Rajat Tandon Vice President of NASSCOM 10,000 startups.

Tandon said startups with a strong and intensive planning and execution strategy will survive and lead to bring in structured growth.

 Source: The Economic Times