2k8

From Another internet bubble in India

am aware of few very well known startups that are shutting shop (will share as we get a green signal from founders/investors).

In India, most internet companies think that getting funding = success, but they do not realize that you lose independence and have to consult your investors before taking major decisions.

One of the things about the internet which make it such a magical place (for me at least) , is that you do not need much money to make money online. If you are willing to spend time understanding the market, there is a lot of money which can be made.

Most Indian internet companies who get funding only have a very limited market and so the growth prospects are limited. They usually target urban  India and Indians settled abroad and rarely have a universal appeal. So unless these companies are bought out, it is difficult to get good returns on the millions of dollars invested.