FICCI

70% Startups Hit by Covid-19 and 12% May Shut: FICCI-IAN Survey

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says. In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70 per cent participants said their businesses had been impacted by Covid-19 and around 12 per cent had shut operations.