Biting the dust: Only 1 out of 50 start-ups secures Series A funding within 18 months

BENGALURU: In just one week, two start-ups — quick fashion delivery platform Blip and AI start-up CodeParrot — have shut down citing various reasons including funding crunch. Though it is not easy to raise funds, especially after securing seed money, what bothers the start-up ecosystem is excessive cash burn and the pressure to grow fast.