Startups, VCs in India demand ‘relief plan’ from the federal government to combat coronavirus disruption

by RJ Shara | Apr 10, 2020 | Startups

More than six lots startup founders, investor, and lobby groups in India have asked for the federal government to give them a “robust relief plan” to help battle serious disturbances their companies deal with due to the coronavirus break out. In a joint letter to India’s Prime Minister Narendra Modi, start-ups asked for the federal government to bankroll 50% of their […] “Regrettably, our startup companies throughout the country are inherently young, less resistant, and most vulnerable.”We seek your immediate intervention to assist guarantee India’s start-up ecosystem endures this crisis to emerge as a pillar of development, work and innovation to assist drive India’s healing. We require the start-up environment to endure in order to help the economy bounce back. The demand for bailout comes in the middle of a nationwide lockdown in India that has interfered with countless businesses. Startups have actually mainly been out of the photo….