Startup Sentiment Survey Report - COVID-19
14 Apr 2020
1 min read
The report aims to understand the impact and measures taken by the startups to counter the slowdown triggered by the COVID-19. ~50% of startup CEOs are facing operational challenges and have already cut down on marketing and discretionary costs. Also, ~21% of startups have cash reserves of less than 6 months. Still, the next 2-year outlook is positive for profitability (69% believe it will be better than FY20) and moderate for growth and fundraising.