InvestorQ : Is it true that the former Infosys CEO has warned about huge trouble for start ups due to the Coronavirus pandemic?
Anu Biswas made post

Is it true that the former Infosys CEO has warned about huge trouble for start ups due to the Coronavirus pandemic?

Answer
image
Neelam Naik answered.
1 year ago
Follow

One of the founding fathers of Infosys, Kris Gopalakrishnan has waned that nearly 25-30% Indian start-ups would be in trouble if adverse consequences of COVID-19 persisted much longer. According to Kris, most of them had just about 6 months runway and could be in a soup if the recovery did not happen by then. Even on the remaining 75%, Kris has said there would be more failures if the Coronavirus-triggered crisis lasts longer. He has called for additional funding from existing investors as well as support from banks on working capital. He also suggested that the government should support via debt or grants.

5 Views