Monday, April 6, 2020

Supply constraints to funding woes: Health start-ups in the age of Covid-19

The coronavirus has emerged as a new adversary for countries, the likes of which has not been seen for decades. The outbreak has triggered a 21-day nationwide lockdown, putting enormous pressure on the Indian economy as it grapples to maintain the supply of essential commodities, and the industry struggles to keep the show going.

The outbreak has created new challenges across sectors, with start-ups, particularly those in the health space, bearing the brunt of the disruption caused by the 21-day lockdown.

ALSO READ: Coronavirus LIVE: Maharashtra has 781 cases, Tamil Nadu 571, India 4,314

Shutdown: A logistical nightmare

Healthcare start-ups, which were building their foundation on the back of the booming market, suddenly found themselves entangled in a logistical nightmare as the government announced the mandatory shutdown to counter the rapidly increasing infection. Vivek Tiwari, Founder, and CEO, Medikabazaar, which delivers essential medical supplies to healthcare facilities, said, “There is a huge gap in demand and timely supply and we are putting up a robust and large scale supply chain infrastructure to address this issue.

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