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Startup Street: 50% of MSMEs have less than one month's cash reserve, says LocalCircles survey

Updated : April 28, 2020 05:39 AM IST

The coronavirus pandemic has now descended into a full-fledged economic crisis and it is hurting small businesses and startups the most. A survey of SMEs and entrepreneurs by local circles shows that almost half of the 14,000 respondents have less than one month's cash left, with many already running at zero working capital and almost three-fourth now expect to scale down their business in the next six months.

Startup Street spoke to Sachin Taparia Founder of LocalCircles and Rituparna Chakraborty Executive VP at TeamLease to discuss  about the pains that small businesses are going through.
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