India sees 35% decline in number of new startups, says report
Updated : February 26, 2020 12:43 PM IST
The number of new start-ups founded in 2019 was 5,462, 35 percent down from 2018, the report said.
The plunge in the number of startups is visible across sectors, ranging from fintech to retail to enterprise applications.
According to the report, the drop in number has however not impacted the funding.