Analysts say consumers would be the real winners.
Goyal said he tried to buy out ColorPlus from Raymond a few years ago.
India's rank was further amplified by the collapse of the South American and Russian economies.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Might opt for salaried employment after failure of his latest venture
Criterion for corporates will effectively rule out entry for business houses.
A number of smaller players are said to be gasping for breath.
Ola Cabs, which started out in 2010, has raised over $1 billion of funds.
Two IIT-B grads cracked the cab aggregator code, tasted success & failure.
Globally, the viability of on-demand businesses is being questioned
Lenders taking up incubator-style roles with small investments in start-ups
'Confidentiality needs to be maintained.'
It is all about hitting the ball high and timing it right.
Investments in 2015 reach a record high of $46.4 million with 193 deals.
2013 foreign currency non-resident deposits to mature in Sep-Nov
Company cites copyright issues but users irked by crackdown on VPNs
One of the reasons behind the changing trend is that the applicants are spoiled for choice
In the case of Iran, the lifting of sanctions has paved the way for direct relations.
The total staff strength - once 1,100 - is now under 200.
Advitiya Sharma is fifth co-founder to leave the start-up now left with three more co-founders.
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