What were the roadblocks faced by startups in 2016?
Major Indian startups like Snapdeal and Flipkart witnessed a valuation markdown this year. Companies like Zomato were forced to lay off staff and some had to rethink business models. Data analytics unicorn Mu Sigma faced uncertainty after its former CEO Ambiga Subramanian divorced the Co-founder Dhiraj Rajaram, while Paytm faced flak for gaining undue benefit from India's demonetisation drive.