Startup Stories That Created Havoc In 2011

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Fremont: A year that was a part of economic slowdown, a year that witnessed a downturn in the funding in terms of deals and value, a year of mergers and acquisitions, 2011 witnessed several such events that can be termed to have created havoc. Despite of low funding one sector succeeded in gaining attention from the Venture Capitalists even though few were shutdown. Below mentioned are few such stories.  

E-Commerce Surged

startups that created havoc in 2011, ecommerce, ecommerce surgedThe year 2011 saw a plethora of e-commerce startups. E-commerce became the highest fund raising sector from Venture Capitalists. SnapDeal, a group buying site in India, raised two rounds of funding in 2011 amounting to $52 million. Besides raising whooping funds, we witnessed several sites losing their charm to the recession and increasing competition. Few of them are MSN Mall, Taggle, Vamoose.in, Kalahari.co.in, and Youa.

 



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