People tried to run startups on steroids: CommonFloor Founder
nCommonFloor Co-founder Sumit Jain, while talking about the early startup ecosystem said, "Earlier people were trying to run startups on steroids." Startups were run "with excessive fundings and massive discounts," he added. Launched in 2007, the real estate portal was acquired by online classifieds firm Quikr in 2016 for a reported amount of $200 million. 