BENGALURU : With revenues nosediving as much as 90%, several startups in India witnessed severe disruption across their core businesses following the covid-19 outbreak.While revenues took a big hit, the pandemic has propelled many companies to look at new business segments.Gurugram-based payments firm MobiKwik tapped on the tailwinds around digital payments and insurance to soften the impact of covid-19 on revenue.“In-store payments have gone up because card or cash is something consumers don’t want to use anymore.
Our revenues were down by 35% during covid-19 lockdown, and are still down by 25%, but since we diversified in multiple categories, over the past years, we expect a full recovery by October," said Upasana Taku, co-founder of.