Creating new companies: India Accelerator funded 27 start-ups in 2020; aims to mentor 100 start-ups in 2021
The pandemic year (2020), Bhatia said, has been tough on start-ups. “The funding funnel dried up, revenues declined, profits shrunk, and companies scaled down growth plans. Early-stage and mid-stage start-ups are the worst-hit, especially in travel and transportation space,” he said.
Check the source here –Source, Financial Express.