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"Last year, we got about USD 13.65 billion funding (in startups). Today they have created about USD 95 billion of value", Pai told said in an interview.
But the mortality rate is very high. About 60 per cent of them will fail. That is the nature of the industry, Pai said.
First time entrepreneurs may not know how to tackle the business but the good news is that even if they fail the experience they get from building a business or becoming a problem solver is enormous, Pai said.