DH Sparks: Startups in the time of Covid-19

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The Covid-19 outbreak has severely impacted many businesses and the startups are not spared either. In fact, the pandemic has dealt a body blow to startups. A majority of them are struggling with a huge drop in their revenues and facing shortage of funds. The startup investors are not pumping money as freely as they did before the pandemic.Many studies have revealed that a quarter of the Indian startup firms have cash reserves to meet fixed cost expenses of their companies for the next 3-6 months only. A little over 10% of the startups have already shut operations and a majority of them are operating with severe disruptions. Many have cut salaries for their employees. Overall, the startups require an urgent relief package including a tax relief from the government. So, what is the road ahead for India’s young entrepreneurs? How will they keep their businesses solvent in these testing times? Join us as we discuss and debate in this edition of DH Sparks.Date: September 11, 2020Time: 4:00 PMYou can register for the webinar by clicking on this link: bit.ly/DHsparksSpeakers:1. Mohandas Pai, Chairman, Manipal Global Education2. Priyank Kharge, Former Minister of IT&BT, Government of Karnataka3. Alok Mittal, Co-founder …

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