India, Sept. 20 -- The statistics on the number of startups across the world are overwhelming, according to conservative estimates, there are at least 100 million startups that open up each year. India too has a huge chunk of this pie and if the latest figures are to be believed, the country is home to over 50,000 startups.

With this, India has managed to reinforce its position as the third-largest startup ecosystem in the world. But hiding behind these staggering statistics is the not so glamorous reality of failure; each year, scores of startups meet their demise even before having taken off the ground, and this failure can usually be attributed to poor financial management. Here is where the services of a chief financial officer (CFO)...