The prolonged lockdown
— for over two months — has hit the business of the Indian start-ups
and made investors jittery at the same time.
are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020.
A recent survey by FICCI and Indian Angel Network among start-up firms, incubators and investors shows, 96 per cent investors witnessed a huge impact on investment decisions and 92 per cent may not invest anymore this year.