E-commerce firms face survival test5 min read 10 Dec 2012, 12:21 AM IST
The boom in online retail has given way to a bust of sorts as consolidation takes hold of the industry
Bangalore: Nearly half of all the e-commerce firms launched this year until October have shut as investors tighten purse strings, leaving fledgling ventures starved for cash and forcing their exit. Entrepreneurial instincts have been tucked away as well, with most founders opting to work with large, stable employers, rather than start another online company.
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