OCTOBER 20208IN MY OPINIONhe COVID-19 pandemic has put the global economy into a tailspin. Its impact on the business environment has been crippling, with startups and small businesses taking the worst hit. Disruptions in supply chains, labour shortage and changing con-sumption patterns triggered by the viral outbreak haveled to a fall in revenue, which in turn has resulted in a shortage of cash flow, rendering startups struggling. While the over-all startup ecosystem is scrambling to tackle these unprecedented chal-lenges, it can be a transformative time for startups that are disrup-tive, innovative and have something unique to offer. History shows us that crises often prove to be a bless-ing in a disguise for businesses. TRising from the Ashes: Why Startups Can Turn the COVID-19 Crisis into a Billion-Dollar Opportunity By Dr.Apoorva Ranjan Sharma, Co-Founder, Venture Catalysts & MD, 9Unicorns Accelerator FundDr.Apoorva has been a catalyst in the Indian startup ecosystem since early 2000s and has established over a dozen incubators and accelerators, incubation funds and family office funds. Based in Mumbai, he has led seed funding rounds for over 100 start-ups, the most successful of them being OYO Rooms.
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