The survey was conducted in the cities of Jaipur, Hyderabad, Ahmedabad, Pune and New Delhi.
Even though the government has been trying its best to ensure sustained funding for startups, a large number of internet-based startups are yet to get any formal funding in the form of business grants, loans or lines of credit, a survey said in New Delhi on Thursday.
A dipstick survey of bootstrapping 2,925 internet startups by the Internet & Mobile Association of India (IAMAI) suggested that this shortage of funds persists despite nearly 74 per cent of them leveraging mobile technologies to scale up their businesses.
The survey was conducted in the cities of Jaipur, Hyderabad, Ahmedabad, Pune and New Delhi.
The survey found that while a majority 74 per cent of the respondents are leveraging mobile technologies to boost their businesses, 12…