• Chethan Machaknur

$760 Mn Lost In 385 Startup Shutdowns due to covid


Out of 3.1K Indian startups funded between 2014 and June 2020, 385 startups have shut down operations, costing $760 Mn loss across 477 funding deals.


Out of the total investment lost, approximately 37%(284 Mn) lost in startups in Bengaluru.A total venture capital outlay of $131 Mn across 326 deals lost in seed-stage shutdowns, consumer services startups accounted for 27%($35.6) Mn of the lost Capital, ecommerce ($16.5 Mn), media and entertainment ($14.5 Mn), enterprise tech ($12.7 Mn) and healthtech ($9.6 Mn).

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