The Covid pandemic may freeze fund flow into startups as venture capitalists exercise caution. India’s startup ecosystem seems to be paralyzed as far as investments are concerned.
This, among other topics, will be discussed at Horasis India Meeting, which arrives virtually this June 22nd. The conference will bring together several hundred leaders to discuss India’s future.
Said Horasis Chairman Frank-Jürgen Richter in a statement, “The Indian government is a good example of a nation working collaboratively to offer up their commercial, technological and scientific might in the international battle against the virus and its many ramifications. As India and the rest of the world battle the COVID-19 pandemic and its economic fallout, it is up to the engines of globalization to work together with international partners to collaborate on best practices to collectively combat this crisis.”
Startup leaders speaking at Horasis India Meeting 2020 include:
- Binh Tran, General Partner, 500 Startups
- Ganesh Rengaswamy, Co-founder, Quona, India
- Jayesh Parekh, Senior Advisor, Jungle Ventures, Singapore
- Sunil Nihal Duggal, Chief Executive Officer, Twenty 4 Ventures Group, India
- Bhaskar Majumdar, Managing Partner, Unicorn India Fund, United Kingdom
Sashi Reddi, Managing Partner, SRI Capital, USA
Horasis India Meeting is co-hosted by the Confederation of Indian Industry.
The coronavirus has already resulted in significant disruption to India’s economy. Many of the newly furloughed are resilient and inventive and have ideas for products and services for the bottom of the economic pyramid.
Questions to be discussed at the conference include upon which sectors ought Venture Capital to concentrate first to support post-Covid ventures? What strengths can it share immediately?
onth it was announced that 7 out of 10 Indian startups said they have cash on hand for less than 90 days. The same survey reported that 9 in 10 startups registered declines in revenue and over one third halted their operations temporarily or permanently due to the coronavirus.