Covid-19 crisis: Lockdown left Indian start-up economy in shambles

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

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Coronavirus | COVID-19 | Lockdown

Arnab Dutta Last Updated at July 5, 2020 22:37 IST

The prolonged lockdown — for over two months — has hit the business of the Indian start-ups and made investors jittery at the same time. Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020.

A recent survey by FICCI and Indian Angel Network among start-up firms, incubators and investors shows, 96 per cent investors witnessed a huge impact on investment decisions and 92 per cent may not invest anymore this year. Compiled by Arnab Dutta

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First Published: Sun, July 05 2020. 22:30 IST

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Covid-19 crisis: Lockdown left Indian start-up economy in shambles

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

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