Friday, 24 March, 2023

70% of Indian startups will run out of money in less than 3 months 

<p>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&nbsp;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.<br /> &nbsp;</p>