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87 Indian Tech Startups Pulled their Shutter Down in 2012

By SiliconIndia  |   Tuesday, 11 December 2012, 04:33 Hrs   |    6 Comments
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In India, Bangalore has registered the highest number of tech ventures with 591 startups leading the way followed by Delhi NCR with 237 and Chennai with 203 startups. Hyderabad has seen the steepest declines over the past 5 years with just 83 ventures.



33 percentages of startups were from e commerce sectors followed by 24 per cent of Business-to-Business, 12 per cent consumer internet and 10 per cent mobile app startups. 



Though Bangalore topped the list in the highest number of tech ventures, it also tops the list in number of closures. It records more than 70 per cent closures followed by other cities with more than 55 percent and Delhi with 35 per cent closures and number of companies started.



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Reader's comments(6)
1: "Companies don't killed by competition, they commit suicide"
- Sridhar Vembu
Posted by:Manoj - 13 Feb, 2013
2: timely survey, to learn and move forward
Posted by:tnvm - 16 Dec, 2012
3: But y isnt kerala there anywere in the list... Emerging kerala is picking up pace but news on local startups from there at all?
Posted by:ink - 11 Dec, 2012
4: Startup failures are common. It would be nice to compare the data with US startup failures. However, what makes India different is socioeconomic factors. It is difficult for an entrepreneur to come back and reinvent while pressures mount from friends and family to give up. Also it is very hard for entrepreneur to start a "Garage" operation in India. Very few talented people want to work for a no name garage operation. Startups are forced to spend tens of lakhs of rupees on office furniture and space just to attract talent.
Posted by:Krishna Kurapati - 11 Dec, 2012
5:
true.. it is also a pressure from friends and family to work in a company which is nicely furnished. but some startups dont encourage talent all they expect is completion not the perfection in it and the prerequisites unclear for a product based firm that they want to be built from nothing.
Sid Replied to: Krishna Kurapati - 29 Jan, 2013
6: Shocking report!!! Well compiled
Posted by:paul - 11 Dec, 2012
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