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Over 200 startups closed down in 2016

2016 is a year of harsh reality for the country's startup ecosystem: 212 startups have not survived to see 2017. And the number is 50% higher than last year, when about 140 startups were shut down.

9 big Indian startups that shut shop in 2016

While 2015 saw launch of three to four startups a day, the second quarter of 2016 witnessed a lot of layoffs and shutdowns.