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Chennai start-up failure rate lower than NCR and Bengaluru

Investors in TN capital conservative, bet on good ideas

The percentage of failing in Chennai is lower than in and the national capital region, considered to be the hubs for start-ups.

Lakshmi Narayanan, vice-chairman of Cognizant, said the percentage of funded by the surviving beyond three years was almost double of that of funded by angel networks in other Indian cities.

According to data, the among in Chennai between 2010 and 2014 was one per cent. The rates in and the were six per cent and seven per cent, respectively.

Arun Natarajan, founder, Venture Intelligence, said Chennai had higher resilience in the business-to-business (B2B) and software as a service (SaaS) businesses and that the city's had a clear focus on the business and revenue models. "Chennai does not follow the me-too concept," he said.

Chennai start-up failure rate lower than NCR and Bengaluru
and the have a head start in large enterprises and these cities have investor communities willing to experiment with new ideas. Investors in Chennai, on the other hand, are more conservative and bet on good ideas.

"It may be worth comparing five years hence how many ideas and enterprises have survived," Natarajan said.

image
Business Standard
177 22
Business Standard

Chennai start-up failure rate lower than NCR and Bengaluru

Investors in TN capital conservative, bet on good ideas

T E Narasimhan  |  Chennai 

Start-ups

The percentage of failing in Chennai is lower than in and the national capital region, considered to be the hubs for start-ups.

Lakshmi Narayanan, vice-chairman of Cognizant, said the percentage of funded by the surviving beyond three years was almost double of that of funded by angel networks in other Indian cities.



According to data, the among in Chennai between 2010 and 2014 was one per cent. The rates in and the were six per cent and seven per cent, respectively.

Arun Natarajan, founder, Venture Intelligence, said Chennai had higher resilience in the business-to-business (B2B) and software as a service (SaaS) businesses and that the city's had a clear focus on the business and revenue models. "Chennai does not follow the me-too concept," he said.

Chennai start-up failure rate lower than NCR and Bengaluru
and the have a head start in large enterprises and these cities have investor communities willing to experiment with new ideas. Investors in Chennai, on the other hand, are more conservative and bet on good ideas.

"It may be worth comparing five years hence how many ideas and enterprises have survived," Natarajan said.

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Chennai start-up failure rate lower than NCR and Bengaluru

Investors in TN capital conservative, bet on good ideas

Investors in TN capital conservative, bet on good ideas The percentage of failing in Chennai is lower than in and the national capital region, considered to be the hubs for start-ups.

Lakshmi Narayanan, vice-chairman of Cognizant, said the percentage of funded by the surviving beyond three years was almost double of that of funded by angel networks in other Indian cities.

According to data, the among in Chennai between 2010 and 2014 was one per cent. The rates in and the were six per cent and seven per cent, respectively.

Arun Natarajan, founder, Venture Intelligence, said Chennai had higher resilience in the business-to-business (B2B) and software as a service (SaaS) businesses and that the city's had a clear focus on the business and revenue models. "Chennai does not follow the me-too concept," he said.

Chennai start-up failure rate lower than NCR and Bengaluru
and the have a head start in large enterprises and these cities have investor communities willing to experiment with new ideas. Investors in Chennai, on the other hand, are more conservative and bet on good ideas.

"It may be worth comparing five years hence how many ideas and enterprises have survived," Natarajan said.
image
Business Standard
177 22

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