As a part of TechSparks 2012, YourStory.in conducted in-depth research among startups and entrepreneurs across the country to understand the state of the startups. We collected responses from over 400 startups across all the cities where TechSparks roundtables were held, and tried to understand how they are doing, what their biggest challenges are and what opportunities are in front of them.
The goal behind report is to understand what Indian tech/product startups are doing, how they perceive the opportunities and challenges in front of them, and what they are investing in.
We asked startups what their current investment strategy was, and if they were looking for funding. A majority of the startups were looking for investments. Roughly 2/3rd of the companies were looking for an investment, with 41.5% of startups looking for investment at the Angel stage. Only 6% of the startups were looking for their 2nd or 3rd round of funding.
When it came to the exit strategy for startups, a majority of them wanted to simply grow to be a profitable company. 9.4% of the companies were actually looking for a buyout, while a small percentage, 12% of the startups, were looking for an IPO to create an exit for their founders and investors.
We collated the responses and crunched the data with the help of FORMCEPT, and have created this 17-page report. Download now to read all about the state of startups in India.
You can buy the full report from Instamojo here.