COVID-19 Startup Impact Report — Threats & Opportunities For The Indian Economy
Even as the number of COVID-19 cases in India and around the world touch new heights everyday, the countries remain under lockdown waiting for a vaccine for the deadly virus. The global economy is bracing for an impact far more severe than any recent epidemic such as SARS and MERS or even the global economic recession of 2008-10, with the United States, Italy, France and Iran being the worst-hit countries.
The special DataLabs report will help to provide the business world at large a perspective on the impact of the pandemic on different industries, the new opportunities which will be created and much more.
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Key Highlights
51%
Surge in total business generated by startups between FY'18 and FY'19
$1.25 Bn
spent by top 50 startups on employee benefits in FY’19
$ 4.1 Bn
Funding secured by Indian startups across 208 deals in Q1 2020
80%
decrease in mobility for retail spaces such as restaurants, cafes etc