Covid hit 70% startups in India: Report

NEW DELHI: The pandemic has had an unprecedented impact on Indian startups with 70% of them stating their businesses have suffered due to Covid-19, showed a survey.
Around 12% of the startups have shut operations and 60% are operating with disruptions.
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Uncertainty in the business environment and an unexpected shift in the priorities of the government as well as the corporates were some of the reasons cited by these startups that are struggling to keep operations running.
The survey, which saw participation by 250 startups was jointly conducted by Ficci and the Indian Angel Network (IAN).
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