As the novel coronavirus started spreading rapidly across the country in the second week of March, internet startups were among the first off the block to adopt work from home (WFH) policies.
An entrepreneur Mint spoke to attributed this to the fact that startups grasp the concept of “virality" far better than other companies.
Yet, many startups had remained more or less sanguine then about their prospects, convinced that no matter how bad things got, demand for digital products and services would soar as the fear of transmission would keep hundreds of millions of people at home.
Two months later, that optimism has turned into dread. At many companies, revenues have vanished, supply chains have been thrown into disarray and piling costs