NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Start-up Engine During COVID 19
Blog: NASSCOM Official Blog
“NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Start-up Engine During COVID 19” underlines the perspective of Indian entrepreneurs towards the impact of COVID-19 on them. It was a month long survey which analyses the effect of COVID-19 and its impact on start-ups. It also highlights key opportunities areas where start-ups are pivoting towards and provide recommendations to support the tech start-up ecosystem.
Key Highlights
Impact of COVID-19:
- 90% start-ups are suffering revenue losses
- ~30-40% have temporarily halted their operations or are in the process of closing down
- 70% start-ups have runway less than 3 months
New Opportunities for Start-ups
- 54% looking to pivot to new business opportunities
- 40% want to diversify into growth verticals like Healthcare, Edtech
- 50% enhancing focus on emerging tech like AI, IoT, Cloud
Support for Start-ups
- Access to working capital, easing compliances and fiscal policy and funding support – key asks from govt
- Integrated central-state initiatives on procuring Made in India start-up products and solutions
- Ecosystem to help drive collaboration, market access
The post NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Start-up Engine During COVID 19 appeared first on NASSCOM Community |The Official Community of Indian IT Industry| :))iiğ.
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