The Rot Inside India’s Startup Dream
India’s startup ecosystem, once hailed as a success story, is facing a crisis of governance and funding. Even as the wounds from the BYJU’S debacle are still fresh, other startups like BluSmart and GoMechanic have bitten the dust. The reasons behind these failures are complex, but a pattern of graft practices, including money laundering, number fudging, and alleged accounting frauds, has come to the fore.
The Dark Side Of Growth
From money laundering to corporate governance lapses, a wide spectrum of malpractices has shaken the industry. These issues have raised questions about the sustainability of India’s startup ecosystem and the factors that contribute to its growth. As the ecosystem continues to evolve, it is essential to address these governance issues and ensure that funding is allocated efficiently.
