Start-ups emerge out of Covid shadow, expand runway: Nasscom survey

The study finds 43% enterprises have enough cash to sustain for over six months as compared to 8% in May; most expect to hit pre-Covid level over next six months

From a severe cash crunch situation in the early phase of the pandemic in April-May when they were hardly left with three months of working capital, start-ups in the country seen significant improvement in this metric with many claiming that they have now more than doubled their runway, a Nasscom report capturing the current state of the sector, said. The report which was done based on a survey of over 270 technology startups said, almost half of the respondents believe that they are expecting to hit the pre-Covid level in terms of business over the next six months.

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