After the heady rush of initial years, Indian start-ups went through a churn in 2016. A spate of mergers beckons this year, as local firms brace against a global onslaught.
He was a 26-year-old young achiever. A dropout from India’s premier tech institute —Bombay IIT. A chief executive officer of a company he himself co-founded with 11 others. A man who became the toast of the nascent start-up ecosystem in India when within two years, five rounds of funding, a list of investors as prestigious as Japan’s Softbank, Qualcomm Ventures, Nexus Venture Partners and Helion Venture Partners, valuation peaked at $220 million.