A quarter of India’s startups would be in serious trouble if adverse consequences of the COVID-19 pandemic persist for long, according to information technology industry veteran Senapathy (Kris) Gopalakrishnan. “About 25 per cent of the startups have less than six months of runway,” the co-founder of IT major Infosy Ltd, told P T I. “They will be in serious trouble if the recovery does not happen in six months, it does not look like (happening within that period).” On the prospects of the remaining 75% of Indian startups, there would be more failures if the coronavirus-triggered crisis lasts longer. “There will be more failures, unless they get additional funding from existing investors or support from banks on working capital or support from government for some form of debt or grants. We will see more companies get hurt as this prolongs,” said the chairman of early stage startup accelerator and venture fund, Axilor Ventures.

(Live Mint)