IT industry body Nasscom in a report said that 70% of the start-ups in India will run out of money in the next three months. 22% of those surveyed said that they can barely make it to the year-end. Only 8% of participants said they had enough money to last over nine months. Of the 250 respondents, around 54% said they were looking for new business opportunities to remain afloat, while 40% wanted to diversify into verticals, such as healthcare, where higher growth is expected.

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