Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year.

But even as more VC funds — many with bigger checks — arrive in India, the financial performance of startups remains a cause for concern.

If that wasn’t challenging enough, many Indian startups compete directly with Silicon Valley giants, which while impressive, is an expensive endeavor.

GrofersBigBasket rival Grofers, which raised $200 million in a financing round led by SoftBank Vision Fund, reported $62.6 million on revenue of $169 million.

It posted a revenue of $68 million — and its loss shrank from $16.5 million to $3.8 million in one year. | To read full story, visit https://startuparound.com/read/1578219037.7623096/As-Indian-startups-raise-record-capital,-losses-are-widening-–-TechCrunch?ref=audio_experience