Startups in ‘dead pool’ down 99.8% this year, ‘zombies’ a new threat | Start Ups

By Latest News

Homegrown micro-blogging platform Koo became the most recent entrant into the startup ‘dead pool’ after shutting its operations last week. However, startups shutting shop – a trend exacerbated by the so-called funding winter – have declined by a massive 99.8 per cent this year.

Investors say that the wave of startup shutdowns over the last few years was a “necessary cleanup” and founders are now focused on improving their operational metrics. Yet, the startup world may not be completely out of the woods yet, as ‘zombie’ startups have emerged as a new threat.

“Founders need to ensure

First Published: Jul 07 2024 | 7:11 PM IST

Source: Latest News