Topics In Demand
Notification
New

No notification found.

NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19

May 15, 2020 6593 0 Product/Startups

NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19

Key Highlights Impact of COVID-19 on Tech Start-ups: COVID-19 is the biggest challenge that India’s nascent tech start-up ecosystem has faced 30-40% tech start-ups have temporarily halted their operations or are in the process of closing down 70% tech start-ups have runway less than 3 months New Opportunities for Tech Start-ups 54% looking to pivot to new business opportunities 40% want to diversify into growth verticals like Healthcare, Edtech 50% enhancing focus on emerging tech like AI, IoT, Cloud

6593

0

Download

NASSCOM Start-up Pulse Survey – Q1 2020: Reviving the Indian Tech Start-up Engine During COVID 19” underlines the perspective of Indian entrepreneurs towards the impact of COVID-19 on them. The survey analyses the effect of COVID-19 and its impact on tech start-ups. Of the survey respondents over 60% of them are bootstrapped and majority of them constitute early and mid-stage start-ups with revenue less than INR 1 crore . The report also highlights key opportunities areas where tech start-ups are pivoting towards and provide recommendations to support the tech start-up ecosystem.

Key Highlights

Impact of COVID-19 on Tech Start-ups:

  • COVID-19 is the biggest challenge that India’s nascent tech start-up ecosystem has faced
  • 30-40% tech start-ups have temporarily halted their operations or are in the process of closing down
  • 70% tech start-ups have runway less than 3 months

New Opportunities for Tech Start-ups

  • 54% looking to pivot to new business opportunities
  • 40% want to diversify into growth verticals like Healthcare, Edtech
  • 50% enhancing focus on emerging tech like AI, IoT, Cloud

Support for Tech Start-ups

  • Access to working capital, easing compliances and fiscal policy and funding support – key asks from govt
  • Integrated central-state initiatives on procuring Made in India start-up products and solutions
  • Ecosystem to help drive collaboration, market access

Note: The analysis is based on 250 survey responses of which over 60% are bootstrapped and over 70% are early and mid-stage tech start-ups

 

 


That the contents of third-party research report/s published here on the website, and the interpretation of all information in the report/s such as data, maps, numbers etc. displayed in the content and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party research report/s published, are provided solely as convenience; and the presence of these research report/s should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these research report/s, you do so at your own risk.


NASSCOM Research



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.