Covid-19: VC funds see growth-stage startup funding to be worst-hit; tell entrepreneurs ‘cash is king’

The Coronavirus pandemic would also get startups, looking for capital, embroiled in the current arduous condition. The funding deals are highly likely to take more time to close as the outbreak has pushed investors and decision-making process on the back burner with restricted movements and shift in priorities, according to multiple venture capital investors Financial Express Online spoke to. As the current situation develops in India without much certainty on its timeline until the World Health Organisation calls an end to the emergency, investors expect startups particular in the growth or late stage to take the maximum hit.
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