Coronavirus outbreak: Start-up heads predict mayhem in six months

The only disruption for thousands of start-ups in the country till now was limited to to pay cuts, salary freeze and layoffs, but the scene will be different in six months

Peerzada Abrar Bengaluru
Coronavirus outbreak: Start-up heads predict mayhem in six months

According to a survey by community platform LocalCircles, about 47 per cent of Indian start-ups and small businesses have less than one month of cash left with them while many are out of funds already

A Mumbai-based entrepreneur, who runs a consumer products and marketing firm, had committed to fund a wedding in his family. But little did he anticipate a pandemic was looming, which will turn everything upside down.
After the Covid-19 outbreak, he is on the verge of closing down the company, as the venture capital (VC) firm investing in his start-up has backed out and most of the clients have cancelled contracts.
“I even put up some of my property on sale, but who would buy it at this time?” the founder, who is now facing pressure from his staff to pay salaries, rued.

Also Read

Travel start-ups hit a bumpy road amid restrictions due to coronavirus

Novel coronavirus fear now spreads to the start-up ecosystem in India

Coronavirus impact: Early funding of start-ups may hit a stumbling block

Facebook plans to tap start-ups, small and medium businesses in India

Troubled times? Oyo Group CEO Ritesh Agarwal confirms trimming staff

Battling Covid-19: Start-ups chip in to resolve India's ventilator crisis

This Y Combinator-backed start-up is playing Farmville in real life

Covid-19 impact: Technology start-ups have multiple silver linings

Online pharmacies on hiring mode as orders during Covid-19 lockdown

This lawyer's start-up is building a search engine for legal professionals

First Published: Apr 26 2020 | 10:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to