Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat | Start Ups
Homegrown micro-blogging platform Koo turned the newest entrant into the startup ‘useless pool’ after shutting its operations final week. Nevertheless, startups shutting store – a development exacerbated by the so-called funding winter – have declined by an enormous 99.8 per cent this 12 months.
Traders say that the wave of startup shutdowns over the previous few years was a “mandatory cleanup” and founders at the moment are centered on bettering their operational metrics. But, the startup world might not be utterly out of the woods but, as ‘zombie’ startups have emerged as a brand new risk.
“Founders want to make sure
First Printed: Jul 07 2024 | 7:11 PM IST
