The government must consider the impact of the collapse of some of the big start-ups on the broader ecosystem
Something snapped recently in the start-up fairy tale. Snapdeal, Craftsvilla and Yepme announced employee lay-offs while Stayzilla suspended operations. The All India Online Vendors Association and eCommerce Sellers Association of India requested members to stop selling on the Snapdeal platform, citing credit risk. There is an ongoing conflict between the mobile application-based taxi aggregators, Ola and Uber, and their drivers. Even drivers in the National Capital Region and in Bengaluru have resorted to a strike. Uber’s Bengaluru office was vandalized by the protesting drivers.