90% Startups in India Facing Revenue Loss Because of Pandemic: Nasscom Study
90% Startups in India Facing Revenue Loss Because of Pandemic: Nasscom Study TheCOVID-19 pandemichas severely impacted Indian startup space. According to a new survey conducted by India’s IT industry body, Nasscom,9 out of 10 startups in the country are expecting lower revenuesbecause of the outbreak. Travel and transport startups were reportedly the worst affected. However, fintech, supply-chain management (SCM) and logistics startups are also seeing a drop in revenues. The survey further revealed that30 to 40 percent of the startups had halted their operations either temporarily or permanently....