India, after remaining unaffected by the deadly virus for a while now is witnessing the threat settling in. The fact that India was safe from the novel virus so far did not create any tension among the people, but now the fear has spread across the entire country and the stress can be seen everywhere.
Impact on Indian startup Ecosystem
Indian startups are having widespread effects due to the epidemic of covid-19 that started in Wuhan, China. The companies are gearing up for the negative business impact of covid-19. Many companies are facing challenges due to the outbreak, including a decline in business activities, restrictions on business travel, postponing of meetings, cancellation of fundraising activities and ongoing projects that have been stopped for the time being and others.

Some companies have seen their growth rate drop. Several companies that had big business plans for 2020 are now to hold the plans as the effects of the virus are spreading like a wildfire.

With 73 people testing positive for the virus in India, specifically, E-commerce startups are witnessing the spike in the market.

The Indians are not stepping out of the houses due to the fear of spreading the deadly virus. They have turned to buy things online. The shops in malls, stores are left empty with people preferring online food ordering and grocery shopping.

There has been a high demand for face masks, hand sanitizers, soap, and other necessary items as the consumers are worried about coming into contact with infected people in public places.
India's largest online pharmacy 'Medlife' said that it has seen searches spike by 40 percent, and the demands for the healthcare items have increased by 10 percent.

Other than the necessary items like supplements and immunity building products, consumers are also looking for online medical consultations and other services.

The startups have seen their growth rate drop. Several companies that had big business plans for 2020 are now to hold the plans as the effects of the virus are spreading like a wildfire.

With the fear of the epidemic, people have decided to stay indoors and keep themselves away from coming into contact with a large number of crowds. Which have left the businesses on the ground such as clothing stores, food, stores, and others at loss Startups are being told that the funding activity will drop until the situation comes in handy.

So many startups that are geographically connected to other firms are facing the disruption in case of demands of goods or others because of the quarantines or travel bans that are keeping them on hold. The outbreak of the novel corona has impacted the scenario of the Indian startup ecosystem.

Venture Capital (VC) firms have advised the startups to gear up and preserve cash and spend less as the coming days are unpredictable and with the present pandemic scenario, anything could happen.