Fenox Venture Capital puts India fund on hold after General Partner Venktesh Shukla departs: TechCrunch
A TechCrunch article by @lorakolodny quotes Venture Intelligence data on startup shutdowns:
Venture Intelligence, a provider of private company financial data, reported that 16 venture funded startups in India shut down in 2015. That trend has continued into 2016 at an even more rapid pace. And investments in India have seemingly slowed down over the first three quarters of 2016.