Management Practice Insights
DOI: 10.59571/mpi.v3si1.6
Year: 2025, Volume: 3, Issue: Special Issue 1, Pages: 31-37
Original Article
Saikat Das 1
1 Assistant Professor in the Information Systems & Analytics department at Jindal Global Business School, O.P. Jindal Global University.
Correspondence
Received Date:09 September 2024, Accepted Date:28 May 2025, Published Date:30 June 2025
The Indian fintech ecosystem is evolving rapidly due to the advancement of technology and government support. However, it also faces a high startup failure rate due to limited access to funding, regulatory hurdles, and a lack of structured guidance. Research shows that up to 90% of startups fail during their initial 5 years.1,2
The research by Manmeet Kaur, Wasim Ahmad, K S Hari, and Ruth Kattumuri provides a potential solution.3 It highlights how incubators and accelerators can serve as enablers in the fintech entrepreneurial ecosystem, significantly increasing the chances of startup survival and funding success. For CFOs and CEOs of early to mid-stage startups and venture capitalists alike, the findings underscore the strategic value of engaging with these ecosystem partners early in their journey. Additionally, the integration of human-AI collaboration further enhances decision-making, allowing startups to innovate more responsibly while managing risks effectively.
1 Mike Yon, '40+ Startup Failure Statistics For 2025', 17 January 2024, https://growthlist.co/startup-failure-statistics/.
2 Michael T. Deane, '6 Reasons New Businesses Fail', Investopedia, 2024, 6, https://www.investopedia.com/financialedge/1010/top-6-reasons-new-businesses-fail.aspx.
3 Manmeet Kaur et al., 'FinTech Entrepreneurial Ecosystem in India: Role of Incubators and Accelerators', Global Finance Journal 60 (2024), https://doi.org/10.1016/j.gfj.2024.100933.
4 Press Information Bureau, 'Union Finance Minister Smt. Nirmala Sitharaman Interacts with Start-up and Fintech Ecosystem Stakeholders', 26 February 2024, https://www.pib.gov.in/www.pib.gov.in/Pressreleaseshare.aspx?PRID=2009261.
5 Julien Migozzi, Michael Urban, and Dariusz Wójcik, '“You Should Do What India Does”: FinTech Ecosystems in India Reshaping the Geography of Finance', Geoforum 151 (1 May 2024), https://doi.org/10.1016/j.geoforum.2023.103720.
6 Kaur et al., 'FinTech Entrepreneurial Ecosystem in India: Role of Incubators and Accelerators'.
7 Priyadharshini Muthukannan et al., 'The Emergence of a Fintech Ecosystem: A Case Study of the Vizag Fintech Valley in India', Information \& Management 57, no. 8 (2020): 103385, https://doi.org/10.1016/j.im.2020.103385.
8 Muthukannan et al.
9 Neha Jain, 'Meet the Eight Fintech Startups Vizag Is Betting On', Yourstory, 16 March 2018, https://yourstory.com/2018/03/meet-eight-fintech-startupsvizag-betting.
10 Dinesh Dayani, '10 Start-Ups That Caught Our Eye At The Singapore FinTech Festival 2023', DollarsAndSense.Sg (blog), 21 November 2023, https://dollarsandsense.sg/start-ups-caughteye-singapore-fintech-festival/.
11 Y Combinator, 'Financial Technology and Services Startups Funded by Y Combinator (YC) in the San Francisco Bay Area 2025', 2025, https://www.ycombinator.com/companies/industry/fintech/san-francisco-bay-area.
12 Failory, '13 Failed FinTech Startups & Their Case Studies', August 2023, https://www.failory.com/startups/fintech-failures.
13 Helmi Issa et al., 'When a Dream Turns into a Nightmare: A Case Study of an Education Technology Startup to Uncover the Dark Side of Generative AI', Communications of the Association for Information Systems 54, no. 1 (20 June 2024): 1048–78, https://doi.org/10.17705/1CAIS.05444.
14 Andrew Boyd and Nikita Sheth, '10 Fintechs That Failed (And Why)', finty.com, 7 May 2021, https://finty.com/us/research/fintech-failures/.
15 Kirsty Nathoo, 'The Y Combinator Standard Deal', Y Combinator, n.d., https://www.ycombinator.com/deal.
16 Aarshdeep Jassal, Ashit Gandotra, and Shyam Gudla, 'Fintech Valley Accelerator: An Initiative by Andhra Pradesh Government', 2017, https://www.f6s.com/fintechvalley.
17 Kaur et al., 'FinTech Entrepreneurial Ecosystem in India: Role of Incubators and Accelerators'.
18 Travis Howell, Christopher Bingham, and Bradley Hendricks, 'Don't Buy the Myth That Every Startup Needs a Co-Founder', Harvard Business Review, 20 April 2022, https://hbr.org/2022/04/dont-buy-the-myth-that-everystartup-needs-a-co-founder.
19 Alyssa Schroer, '113 Fintech Companies and Startups to Know', Built In, 2024, https://builtin.com/articles/fintech-companiesstartups-to-know.
20 Ankita Sahni, 'Which Are The Most Successful Fintech Startups In India?', Inc42 (blog), 7 October 2019, https://inc42.com/features/which-are-the-most-successfulfintech-startups-in-india/.
© 2025 Published by SPJIMR. This is an open-access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/)
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