70% of Indian startups will run out of money in less than 3 months

70% of Indian startups will run out of money in less than 3 monthsMore than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in the bank, and another 22% have enough to barely make it to the end of the year, according to a survey conducted by industry body Nasscom. Only 8% of startups that participated in Nasscom’s survey said they had enough money to survive for more than nine months, the report published on Tuesday said.



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