With many startups packing up and offering their assets for sale, the IT boom that India witnessed in recent years is gradually fading. While this catastrophe takes place, research firms are on the lookout for "dead wood" that might interest potential investors 

Popularly dubbed as India's Dot-Com Bust, the recession comes after a decade that saw India's tech sector generate millions of jobs and revenue.

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To chronicle India's dot-com collapse a number of companies such as Tracxn Technologies have come forth to tabulate a list or "deadpool" of dying IT start-ups, which are as many as 800 already. This number might not be very large, but it is significant since around 19,000 tech companies sprung up in India in the golden days of generous funding for start-ups. 

One of the reasons that so many technology ventures have capsized in India before even setting sail, according to Ravi Gururaj, founder of QikPod, is the fact that too many of these companies are simply copying an already saturated business niche where competition is already high. 

However, some see these downfalls as an opportunity for other well-off firms to acquire promising technology at low prices. Thus, what is seen as a "deadpool" might be death and rebirth in another form.

Among the unlucky trailblazers who have landed up in the Tech "deadpool" are companies like Ask Me, which suspended all its 4000 employees, and the popular Jabong.com, which was acquired by Flipkart for about $70 million.

As a result of the dark times that lurks over the once promising sector, according to Bloomberg, the term "jabonged" is being used to refer to the act of selling one's start-up for a price far below its worth in an attempt to wind up operations.