Green shoots of recovery sprout among start-ups amid funding woes, investors’ eye on niche players

The near collapse of Byju’s and the ructions within Paytm have ignited fears about the fortunes of the start-up industry. The Cassandras have started to prophecy gloom and doom for newbie entrepreneurs with a burning desire to set their dreams alight.

There is no denying that these are tough times for the start-up space. The torrent of cash that once flowed into the sector in multiple rounds of funding has started to cool. Investors are increasingly wary and circumspect before opening up their wallets. Valuations have slipped and the dark clouds of layoffs still loom over the sector.