A high percentage of start-ups are experiencing a slow down in receivables and transaction flow as a result of demonetisation of high-value currency notes, a survey has revealed. “A higher percent of start-ups and small and medium-sized enterprises (SMEs) experienced a slowdown in funding and exp…
Tag: LocalCircles
Currency Switch Impact | Entrepreneurs grin & bear the cash crunch
Almost one-third of start-up and SME entrepreneurs have seen a reduction in transactions, reduced fund-raising for expansion and a drop in account receivables after the demonetisation drive; but an overwhelming majority said the move will have a long-term positive impact. These findings are accor…