Thursday, 5 March, 2026
17% of startups in India have shut down operations: FICCI
By Basit Ansari
<p>COVID-19 has adversely affected 70% of startups in India, said a survey conducted by FICCI and Indian Angel Network. Around 17% of startups had closed shops. The survey revealed that over 60% of startups have witnessed disruptions in business. Lack of working capital, cash flows could lead to layoffs in the next three-six months. 68% are cutting operational costs, 22%'s cash reserves can up to three-six months and 30% would lay off employees.</p>
Read full story at The Economic Times
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