Esha Tiwary, General Manager (India), Entrepreneur First, in an interactive session speaks on the impact of Covid-19 on start-ups.
Do you believe that the startup sector can sail through the Covid-19 crisis, if so how?
There's no doubt that the Covid-19 pandemic is massively affecting economies across the world, and the situation is no different for the Indian start-up ecosystem. I don't think it will be smooth sailing for start-ups by any measure. But I do think that start-ups can get through this crisis if they focus on survival, taking the hard decisions, and also thinking creatively about how they can solve the new consumer needs emerging now.
How has the Covid-19 impacted your business strategies and startups?
Every year we hold a Demo Day/ Investor Day. On these days, founders of our startups present their ideas and companies to investors at an on-ground event. This year we converted this into an online event where all startups were virtually revealed to investors, a departure from the earlier practice due to the pandemic. The online Demo Day in India was extremely successful and within 2 days, we had 100 meetings set up with VCs for our startups.
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