"I think 90 per cent startups are not going anywhere. Otherwise I don't think that startups are working on a canvas, which is larger. All are very bright and talented people, so the canvas has to be larger," Biyani said. The revenues would not be more than Rs 3,500 crore. They just meet people's need to commute from point A to point B," he said.On creation of jobs through startups, he said: "Consumption, which is going to drive the growth of the country and manufacturing might create the jobs and startups would be too small to create the number of jobs which we require.

Source: Economic Times September 07, 2016 12:11 UTC