Speaking at the Venture Intelligence APEX PE-VC Summit in March 2016 - at a time when belt tightening among start-ups was the need of the hour - Avinash Luthria, Principal, responsAbility , advised tech entrepreneurs to mimic the frugal practices adopted by traditional Indian business communities like the Banias and the Marwaris. Now, Anand Lunia, Founder of seed fund India Quotient, has made a blog post on the specific ills that seem to be preventing Indian start-ups from walking the talk on frugality. Extracts: Interestingly, Revenue per employee and capital efficiency have been identified by practically everyone as a big systemic problem in India. ...Uber did not offer a call center in India. Ola did, and consumers continue to call the helpdesk for every 30 seconds delay in their pick up. ...Founders hire as per projections. For the first two board meetings, investors also focus on ‘team building’. Unable to meet the stretched targets presente...