800 startups launched in 2017, compared to 6,000 in 2016
According to startup tracker Tracxn, 800 internet and technology startups launched in India in 2017 as compared to 6,000 launched in 2016. Report added startups have raised around $8 billion in the first nine months of the year, compared with $4.6 billion in 2016. Tracxn data also showed the volume of deals dropped to 700 from over 1,000 in 2016.