Grow Your Business, Not Your Inbox
Stay informed and join our daily newsletter now!
4 min read
Opinions expressed by Entrepreneur contributors are their own.
You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.
These are challenging times. Startup founders are dealing with reduced demand and depleting cash reserves as customers re-evaluate their purchase decisions, or simply defer them. A recent TiE Delhi/Zinnov report states that due to COVID-19, 15 per cent of startups have halted operations while 44 per cent have cash runway for less than six months. It has been a specially difficult time for startups who were about to commence their fund-raising phase just as the pandemic hit.
As startups’ focus shifts to issues of survival and cautious growth, they need to modify their fund-raising strategies. The competition for angel and venture capital has only increased. The downturn has resulted in extended funding