Tuesday, Nov 29, 2022
Business / Tuesday, Nov 22, 2022

Indian Startups Must Brace For A Long Funding Winter: Flipkart CEO

Kalyan Krishnamurthy, chief executive of e-commerce giant Flipkart, has cautioned executives that the startup ecosystem's fundraising winter may last for another 12 to 18 months and that there may be "a lot of instability and volatility" in the market. Krishnamurthy advised startup owners to reorganize their businesses and welcome a downturn. According to investors, many company owners are unwilling to lower their prior values when considering new capital.

Source: The Bharat Express News

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