economic downfall
38% of startups & SMEs are cashless, 4% to shut operations: Survey

A survey conducted by LocalCicles, a community social media platform indicates that 42% of startups and SMEs across India are out of cash and closing down operations due to lockdown. Revenue of these businesses was dropped by 80-90% in the last two months. Only 16% can oversee monthly working costs for the next three to six months. 

Mon, 15 Jun 2020 - 08:24 PM / by Kajol Pravina

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