Tough times face India’s star-studded start-up ecosystem, but is there light at the end of the tunnel? That India’s start-up space has been on a roll since 2016 is an understatement. The country’s confounding and frequently downgraded growth projections notwithstanding, investors have bet big bucks on Indian start-ups. According to an EY report, investments by private equity (PE) players and venture capitalists (VCs) in start-ups have been rising each year — from $3.1 billion in 2016 to $7.9 billion in 2019 (See: Big-ticket deals). In fact, last year marked a record high for start-up investments both in terms of value as well as volume. Understandably, the ecosystem was optimistic about the new decade, until the spread of coronavirus threw a spanner in the works. During such times, who better than serial entrepreneur and promoter of several start-ups including Bigbasket, Portea Medical and HungerBox to discuss the impact of the pandemic on Indian start-ups? In this exclusive interview with Outlook Business, K Ganesh, co-founder, GrowthStory says how start-ups are dealing with the crisis and what they must do to survive.
"The VC community makes money during the good times, and makes its reputation during the hard times"
Tough times face India’s star-studded start-up ecosystem, but is there light at the end of the tunnel?