The first half of 2020 ended on June 30 and it was perhaps the worst one for many investors and businesses. Startups, in particular, have been hit hard by the economic upheaval. Compared to the first quarter, the second quarter of 2020 witnessed a shattering decline of 74% in total startup funding in India. This is an indication of the devastating impact the pandemic had on the Indian startup economy. The adverse impact of the pandemic was not limited to the funding rounds, the Indian startups also had to shed a large chunk of their workforce. The analysis by DataLabs... This is an Inc42+ Member Exclusive story. Read this story on Inc42.Link : https://inc42.com/datalab/indian-startup-economy-in-turmoil-29-funding-decline-in-first-half-of-2020/
Author :- Sandeep Singh
July 04, 2020 at 12:07PM
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