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

Around half a dozen Chinese venture capital firms with active presence in India have postponed their trips to the subcontinent

The novel coronavirus fear has now spread to the start-up ecosystem in India. Around half a dozen Chinese venture capital (VC) firms with active presence in India have postponed their trips to the subcontinent.

“There is a complete lockdown for these VCs till February 11. They have been asked not to travel out of China. One of the investors has moved his team to a hotel and they would be operating from there,” said a start-up founder who works closely with Chinese investors. This could lead to delay in the funding process, said industry insiders.