India 2017: Top internet startups adapting to the new normal

For Indian start-ups, 2016 was the year of retreat from the excesses of the year before. Yet, while start-up funding dropped by nearly half during the year, the number of deals were nearly the same as last year, highlighting that investor appetite remains strong. Next year is likely to be more of the same: focus on cutting losses, increase in valuation of selective high-performers and brutal competition among the top internet companies.