About 38% of Indian startups as well as small and medium enterprises are already out of funds because of the pandemic, as per a survey by LocalCircles
By ET Bureau | Updated:
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Around two thirds of the participating companies said that as a result of the crisis, they were cutting down on costs across the board.
About 38% of Indian startups as well as small and medium enterprises are already out of funds because of the pandemic, with 4% reportedly shutting their business down, according to a survey by LocalCircles.
Around two thirds of participating companies said that as a result of the crisis, they were cutting down on costs across the board, slashing marketing, human resources and operating budgets as well as deferring tax payments.
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