As we stand at the cusp of 2017, it's time to gather one’s thoughts regarding the year that passed us by. For startups in India, 2016 proved to be the year for consolidation and transition, where entrepreneurial mindset metamorphosed from a gold rush-like mentality into an ecosystem where preference is being given to quality over quantity. Even though the velocity of capital flowing in has slowed down, the quality of work being completed with was a tad higher. The spectrum of innovation by startups expanded across many verticals of the Indian economy. During the year, Indian startups experienced numerous moments that made this ecosystem vibrant and tested its inhabitants for survival; this resulted in a year that was rather a memorable one.