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2016: When start-ups sought protection

The year began with Prime Minister Narendra Modi's big push for Startup India

Alnoor Peermohamed 

2016 will go down as a tumultuous one for India’s new economy companies that utilise the reach of the Internet to conduct business. The year started off on a low in terms of funding and valuations of start-ups, carrying over a sentiment of excessiveness from the previous six months. It was a contrarian 12 months, with experts saying the fundamentals of the market — growing Internet penetration, increasing per capita income and a strong economy — remained robust, yet companies riding on this wave were being punished. This neglect from investors finally ...

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