The pain itself isn’t surprising, given the economy-wide impact covid and the ensuing lockdown have had, but the extent of it is worrisome.
Another group of businesses could end up as casualties of our covid crisis: startups. A survey by Nasscom has revealed that nine-tenths of them have seen revenues fall, more than a third have suspended or are shutting operations, and more than two-thirds are precariously placed, with cash to survive for less than three months.
The pain itself isn’t surprising, given the economy-wide impact covid and the ensuing lockdown have had, but the extent of it is worrisome.
Since such ventures lack the wherewithal of established businesses, they are especially vulnerable to such crises. Many operate on shoestring