New Delhi, January 01, 2017: “2016 has been quite a dramatic year for the startup industry as a whole. The ecosystem which was lot more conducive to the startup culture in 2015 did not continue as expected. From funding point of view 2016 was a bad year for startups. 2017 is expected to witness a good number of entrepreneurs entering the enterprise space. Government Initiatives like Startup India- Standup India, Introduction of GST could see many startups entering the enterprise space since taxation rules would be a lot easier to understand and incorporate in the application. Due to demonetization and digital India initiative we would see more start-ups coming up with SaaS and FinTech products targeting SMEs. 2017 will see rise of more B2B startups due to its potential of revenue and profit generation. Many tech startups will use web APIs (Application Program Interface) to connect and integrate their product or service with others. 2017 also looks promising for higher penetrations into tier 2 & 3 markets. At SpiderG we are continuously innovating and establishing networks and strengthening our back-end to effectively reach out to these markets.”
Corporate Comm India(CCI Newswire)
