The Post COVID-19 Recovery Will Take Some Time: InnoVen Capital’s Ashish Sharma


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Startups have been at the heart of venture capital (VC) funding for the past few years, and expectations were high at the start of 2020 but the entrepreneurial and investment ecosystem has not been spared by the coronavirus pandemic. In recent years, despite an environment of uncertainty and political-economic tension, great progress has been made in the venture capital space.

Startups in particularly hard-hit industries have found themselves at risk in these uncertain times as sales have softened and private fundraisings have proved more challenging. Founders had to look hard at their businesses, including their cash runways, forecasts, capex and assumptions, in order to weather the storm.

InnoVen Capital’s managing director and chief executive officer Ashish Sharma talked to Entrepreneur India and discussed how startups are being evaluated especially during the COVID-19 pandemic.

Near-Term Market Impact

The pandemic will directly or indirectly prolong to significantly affect business action levels and operations for startups for many months to come.

This will more than likely result in a decline in VC deal volume over the short to medium term, particularly for startups in the travel, ride sharing, workspace sharing, leisure and events sectors given the contraction in consumer activity and government responses to the pandemic. It has resulted in a pronounced uptick in activities in areas such as e-commerce, online entertainment and social media, online medical and health services, home working and education tools, and non-contact services such as robotics and artificial intelligence, particularly for supply chains and logistics.

“Because of the pandemic and consumer behavior, the demand and destruction has been very high and the recovery will take a long time,” Sharma noted.

While the consumer end-markets

Machine Safeguarding Solutions Market with COVID-19 Recovery Analysis 2020-2024|Growth of End-user Industries to Boost Market Growth

The global machine safeguarding solutions market size is poised to grow by USD 774.41 million during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Machine Safeguarding Solutions Market 2020-2024 (Graphic: Business Wire)

The machine safeguarding solutions market is driven by the growth of end-users. Several machining operations that are carried out in the automotive and industrial machine manufacturing industry involve bending, boring, grinding, and milling. Manufacturers use transmission systems such as flywheels, belts, pulleys, motors, and gears to operate auxiliary systems such as compressors and pumps, machine tools, and packaging lines. The increased use of these tools and systems can pose a significant safety hazard to the operators and stimulate the need for adequate machine safeguarding solutions to eliminate or reduce safety risks.

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Report Highlights:

  • The major machine safeguarding solutions market growth came from the switches segment and the segment is expected to witness the fastest growth during the next five years.

  • Europe was the largest machine safeguarding solutions market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growing adherence to strict compliances with workplace safety regulations.

  • The global machine safeguarding solutions market is fragmented. ABB Ltd., Eaton

Internet Security Market with COVID-19 Recovery Analysis 2020 | Rapid Adoption of BYOD Policy to Boost Market Growth

The global internet security market size is poised to grow by USD 20.41 billion during 2020-2024, progressing at a CAGR of 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Internet Security Market 2020-2024 (Graphic: Business Wire)

The Internet security market is driven by the rapid adoption of BYOD policy. The perpetual changes in work locations, time zone barriers, as well as the pressing need to access official and confidential data on an employee’s personal device are resulting in the adoption of bring your own device (BYOD) policy. The increased adoption of the BYOD policy requires a secure network management suite that can be provided by commercial routers. SMEs and individual customers who have a high rate of data usage are focusing more on 3G/4G wireless routers. Thus, the market will experience continuous growth during the forecast period due to the abundant benefits of mobility.

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Report Highlights:

  • The major Internet security market growth came from the products segment in 2019, and it is expected to witness the fastest growth during the next five years. This is primarily because of the increase in sales of hardware security components.

  • APAC was the largest Internet security market in 2019, and the region will offer several growth opportunities to market vendors during the forecast

COVID-19 Recovery Analysis: Contactless PoS Terminals Market | Increasing Adoption of Contactless Payment Software to Boost Market Growth

Technavio has been monitoring the contactless PoS terminals market and it is poised to grow by USD 5.54 billion during 2020-2024, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bluebird Inc., Fiserv Inc., Honeywell International Inc., Ingenico Group SA, NCR Corp., Newland Payment Technology, PAX Global Technology Ltd., Spire Payments Ltd., SZZT Electronics Shenzhen Co. Ltd. , and VeriFone Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing adoption of contactless payment software has been instrumental in driving the growth of the market. However, the rising threat from substitute payment systems might hamper the market growth.

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COVID-19 Recovery Analysis: Wellness Tourism Market | Growth in Personal Wellness Awareness to Boost Market Growth

Technavio has been monitoring the global wellness tourism market size and it is poised to grow by USD 315.47 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Wellness Tourism Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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View market snapshot before purchasing

Growth in personal wellness awareness has been instrumental in driving the growth of the market. However, the perception of wellness tourism as a luxury travel market might hamper the market growth.

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