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Showing posts from August, 2020

How is COVID-19 affecting the startup ecosystem in India? What measures can we take to overcome it?

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  The ongoing coronavirus outbreak is significantly affecting the startup ecosystem in India. It has been observed that most of the startups are now trying to deal with the condition by adopting work from home methods as much as possible. Besides, they are also trying to finding out different methods to conduct sales as well as client meetings. But it is still unclear about how  startup business strategy  would deal with the future circumstances if the condition worsens.  A recently conducted study by All India Manufacturer’s Organization reveals that a greater number of livelihoods will be affected than the lives due to the coronavirus outbreak. The ground reports say if the current situation continues for more than one month, the small businesses or MSMEs in India will vanish.  Small businesses and other MSMEs are considering the backbone of the Indian economy and have offered employment to 114million+ people. Besides, MSMEs are recorded to contribute around 30 percent of the country

How risky is it to consider a startup to invest in when Coronavirus is causing significant harm to the world’s economy?

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If you have a startup business and want to invest in, then hold on. This is not aa right time to enter into the market at all. The ongoing coronavirus outbreak has severely affected the world’s economy. All most all the businesses are gone down. In fact, most of the leading companies are also functioning with fewer staff. The current condition suggests that this is not the right time for the startup business to enter the market. Some of the major reason is insufficient availability of raw material, lockdown for an uncertain period, and people are now only buying essential products. The production of various products, especially electronics products, has gone down. If you are planning to import such products from other countries, then, for now, this is not possible. Read Article - Technology Transfer and Distribution | Startup - Corporate Technology Joint Venture   It will be not easy to get funds In such a condition, getting funds for most of the Indian startup will be quite d