The raging pandemic may have taken its toll on the lives of people, but it does not seem to have affected the business sentiment among early stage start-up founders and investors. Around 89 per cent of start-up founders, from sectors such as DeepTech, SaaS, Fintech, Consumer brands, Social Commerce and AgriTech, are bullish about near-term growth, reveals the India Sentiment Outlook survey by 100X.VC, an early-stage venture fund. The survey is based on a sample size of 275 early stage start-up founders and 77 early-stage investors in the January-March quarter of 2021.
“Over the past year, we have seen the Indian start-up segment giving a strong pushback to the Covid-19-induced market landscape. We believe that the optimistic outlook of both start-ups and investors, as seen in the survey results, is an encouraging factor. It will give rise to more innovation and creativity to help the market and our nation at large” said Sanjay Mehta, founder and Partner, 100X.VC.