InnoVen Capital: Startup Outlook Report February 2017



  • 63% of respondents who attempted to fundraise in 2016 did not have a favourable experience.

  • 65% of respondents felt that the Indian start-up eco-system may be in a technology bubble

  • 94% of respondents would look to fundraise in 2017, though opinion was split evenly on whether fundraising would be easier this year than the last

  • Respondents rated the emergence of start-ups with more robust business models coupled with more exit activity as most likely to improve investor sentiment in 2017

  • The majority of respondents stated growth as their focus area in 2017; VC backed companies, however, rated achieving profitability in the next 1-2 years as the key objective

  • 70% of respondents were open to an exit, with 60% rating an IPO as the most preferred exit route

  • Raising equity, managing talent and market creation were voted top business challenges going into 2017

  • 42% of all respondents had women in leadership positions at their start-ups, up from 33% last year

  • Agri-tech, Artificial Intelligence and Logistics were voted as most underhyped sectors whereas Hyperlocal and Digital Payments as over hyped ones

  • Digital Payments and Artificial Intelligence were expected to be hot sectors in 2017

  • The Goods and Service Tax was rated the most helpful Government initiative

  • Respondents felt further Government policies to improve tax policies, facilitate cheaper financing and increase investments in digital infrastructure would most improve the start-up eco-system

Read full report here -

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