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Startups have been at the heart of venture capital (VC) funding for the past few years, and expectations were high at the start of 2020 but the entrepreneurial and investment ecosystem has not been spared by the coronavirus pandemic. In recent years, despite an environment of uncertainty and political-economic tension, great progress has been made in the venture capital space.
Startups in particularly hard-hit industries have found themselves at risk in these uncertain times as sales have softened and private fundraisings have proved more challenging. Founders had to look hard at their businesses, including their cash runways, forecasts, capex and assumptions, in order to weather the storm.
InnoVen Capital’s managing director and chief executive officer Ashish Sharma talked to Entrepreneur India and discussed how startups are