In less than a month, everything has changed for the Indian startup ecosystem. Founders are now changing their gears from scaling to reserving funds while many investors are not giving funds easily to startups.
Many startup founders are also changing their strategies to thrive in these unprecedented situations. A survey conducted by early-stage investor 100X.VC has now revealed that around 42% of founders believe that India’s economy will take at least six to 12 months to revive. This means that most of them are already preparing for a long-lasting battle.
Founded by Sanjay Mehta and Shashank Randev, 100X.VC is looking to invest in 100 startups through India SAFE notes. For the survey, 100X.VC took inputs of around 198 founders of Indian startups. It also took additional responses from 37 founders and 43 investors along with available financial information for this survey.
Read More: Startups Turn To Layoffs, Pivots And Restructuring As VC Funds Respond Slowly
- 100X.VC Team
Published on: April 14, 2020