Unprecedented Impact Of COVID On Start-Ups: Survey
PUBLISHED ON: July 7, 2020 | Duration: 11 min, 07 sec
The COVID-19 pandemic has had an unprecedented impact on the Indian businesses and more so on the SMEs and start-ups. FICCI-Indian Angel Network Surveyed 250 start ups and said that "70% of start-ups say their businesses have been impacted by COVID-19". It also said "only 22% of the start-ups have cash reserves to meet the fixed cost expenses of their companies over the next 3-6 months".