Startup World Excitement Returns Amid COVID-19 Pandemic as Venture Capitalists Show Faith And Deal Discussions Heat Up

Mumbai, September 11: Coronavirus pandemic had badly affected businesses all over. Over the last few months, we saw numerous job losses, businesses being shut amid the lockdown. However, with the relaxation in the lockdown norms, the situation is improving. According to reports, venture capitalists are slowly returning to the startup world.

According to the Moneycontrol report, investors have started writing cheques, making big bets, something that was expected would take longer. Some names include Dailyhunt, ShareChat, skincare brand WOW Skin Sciences, and meat delivery startup Licious deal discussions have heated up.

Last month, fantasy gaming startup Dream11 emerged as the title sponsor of this year’s Indian Premier League (IPL).  The Indian unicorn replaced Chinese handset company Vivo, which opted out of sponsorship this year amid India-China border standoff. Infact, the company is counting on a bumper IPL for business recovery.

Infact during the lockdown as well, in March and April, online education, healthcare and gaming startups were the direct beneficiaries.

This surely comes as good news because when the pandemic hit India, investors hit the panic button and made their exits from the already finalised deals, postponed their fundraising plans and went aggressive on cost-cutting measures.