According to Nasscom, 70% of Indian startups will run out of money in less than 3 months

According to a survey by Nasscom, in the home to one of the world’s largest startup ecosystems, 70% of startups have less than 3 months of cash runway, 22% have enough to make it to the end of the year.

8% have enough money to survive for more than 9 months, 90% of startups facing a decline in revenues, 30-40% temporarily halting their operations or in the process of closing down.

54% of some 250 respondents looking to pivot to new businesses & 40% looking to diversify into growth verticals such as healthcare, 69% of B2B those operating in retail & fintech are facing delays in payments from their clients.

More than two-thirds of startups also said they were looking for policies that eased regulations and spur government purchases. Many also requested relief in taxations for a few years

38 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India