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Startups need to have enough cash for 2 years: Experts

Tightened funding environment has increased uncertainties in the startup industry and it is imperative for startups to have enough cash to survive for 18-24 months, said Kris Gopalakrishnan, Co-founder of Infosys.

July 08, 2016 / 10:49 IST
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Increasing new revenue streams, cutting cash burn and finding a route to profitability — this is the three-fold path for India's entrepreneurs. In a decelerating funding environment several startups are charting out different paths to achieve sustainability, reports CNBC-TV18’s Adith Charlie.

Tightened funding environment has increased uncertainties in the startup industry and it is imperative for startups to have enough cash to survive for 18-24 months, said Kris Gopalakrishnan, Co-founder of Infosys.

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Meanwhile, Shashank ND, Co-founder and CEO, Practo said the company expects to be profitable in the second half of 2017. With regard to funding, he said that the Practo has been growing really strong over the last few quarters and has been regularly been approached by investors.

James Tan, Managing Partner at Quest Ventures told CNBC-TV18 that the company is looking for e-commerce startups in India to invest in. It is scouting for a team to do the job in India.  He said India is a huge market and presents a lot of opportunities and that the companys is interested in companies that focus on digital space.Watch video for more...

first published: Jul 7, 2016 09:59 pm

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