November 9, 2015 - 1700 lay-offs across well-known internet startups such as Housing, Zomato, TinyOwl and LocalBanya announced. Here's why

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Blog Sree Vijaykumar From the Editor's Desk The recent hostage crisis at TinyOwl, where a founder was not allowed to leave the Pune office (which he had come to shut down) is indicative of the growing pains of Indian startups. It does set a precedent for burn-happy founders and VCs that 'hire and fire' is not as easy in India as it may be in Silicon Valley. This in combination with the layoffs at Zomato and other firms is also a definite indication that the funding environment is turning. Will this be the beginning of the bubble burst? - Comment Digital 1700 lay-offs across well-known internet startups such as Housing, Zomato, TinyOwl and LocalBanya announced. Here's why “I don’t know what is going to happen now,” said Ankit Agarwal (name changed), a TinyOwl sales person who was sacked last week.   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! 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