BENGALURU : The covid-19 outbreak and subsequent lockdown may have hit many businesses hard, but they have also pushed the startup ecosystem in India to pivot or explore new opportunities amid the crisis.
Customers are moving to remote and technology-driven diagnostics and hyperlocal deliveries are gaining prominence, while for apparel-based e-commerce, it is reducing the need to hoard inventory, said participants at the second webinar in Mint’s Pivot or Perish campaign on Thursday.
Startups discussed various pivots defining the future of the industry and how they are adapting to the new normal. “For healthcare, there is a huge shift from facility-based care, which was once considered a high standard.