Most start-up segments recover post lockdown; edtech & health care lead

The start-up ecosystem is expected to have created 700,000-750,000 direct and 2.6-2.8 million indirect jobs in total for the year ending 2020, further cementing its recovery

startups, investors, firms

The recovery in India’s start-up ecosystem is faster than was anticipated in the past few months  with the country minting four unicorns in the lockdown phase.  For instance, 75 per cent of start-ups are gradually, but steadily, recovering post lockdown, according to TiE Delhi-Zinnov report released on Wednesday. Around 30 per cent start-ups have pivoted to newer markets for alternative revenue streams, while more than 55 per cent of start-ups are focusing on profitability and reducing cash burn. Shift to digital consumption has provided the necessary tailwind ...