The COVID-19 pandemic is about to hit a body blow to Indian startups. A new study by industry body NASSCOM says at least 70% of them will run out of funds in the next 3 months.
70% of Indian startups will run out of money in less than 3 months – TechCrunch
More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in the bank, and another 22% have enough to barely make it to the end of the year, according to a survey conducted by industry body Nasscom.
Link: 70% of Indian startups will run out of money in less than 3 months
via techcrunch.com
