Startups shed flab amid slowdown in large funding rounds - Economic Times

The trend is likely to play out further, though the early-stage funding ecosystem has yet to significantly taper off. Investors have begun to ask high-growth companies to go back to basics — chase profits and reduce their cash burn, multiple people told ET.

Bengaluru: Startups are looking to prune costs amid tightening of larger-sized funding rounds. They are doing that by shedding staff. Over the past few weeks, more than 1,800 contractual and full-ti… [+4578 chars]

full article...