65% Indian technology entrepreneurs believe that India is in the "tech bubble"

【Global Science and Technology Report】 US “Quartz” website published on February 15 that recently, the survey agency conducted a public opinion survey of 170 entrepreneurs in 15 industries. The survey results can show that now India is a global technology company. One of the best but also the worst areas. 65% of respondents said that India is in the "tech bubble". 63% of respondents stated that they are having difficulties in financing.

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The report said that in the past few years, India has been a hotbed of entrepreneurship, even if a large part of the companies started here have not succeeded. From June 2014 to July 2016, more than 2,280 start-ups were put into operation in India; of these, nearly 1,000 closed their doors. Although the “failure” of the technology industry is not as shameful compared to other industries, Indian entrepreneurs still cite a series of problems that companies face in their survival, including lack of funds, lack of innovation, and excessive market saturation. . A survey initiated by Asian venture capital firm InnoVen Capital shows that most entrepreneurs say that raising cash is the biggest obstacle to growth they face.

According to reports, InnoVen Capital announced its February 2017 "Entrepreneurial Prospects Report": "63% of the respondents who tried to raise funds in 2016 said that the funding process was difficult." According to the report, on average, before funding, These start-ups must seek help from at least six investors.

According to the report, only 18% of the entrepreneurs participating in the survey said that their companies have the support of venture capital; a quarter of them are funded by angel investors; nearly half of them are self-financing. (Internship compilation: Yu Yinxu reviewer: Tan Liya)

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