Surviving the Covid-19 impact – TiE Mumbai’s guide to Startups

As the global Covid-19 pandemic continues to disrupt life, the Startup ecosystem
has been confronted with unique challenges both from the business and operations perspective. In this
unprecedented scenario, TiE Mumbai continues to assist Startups and has organized several webinars
with investors, legal assists, Industry leaders and mentors to help entrepreneurs with much needed
guidance to tide over the current situation.
“These are challenging times. We are facing a crisis of both life and livelihood. TiE Mumbai is committed
to remain engaged with the Startups and support and guide them is every possible way.” said Atul Nishar,
President, TiE Mumbai.
Some of the webinars organized by TiE Mumbai were –
Business Continuity and contingency planning – This was a Brainstorming Session on Practices adopted
by various Startups and strategies bracing for the days ahead. Startups discussed that it is extremely
critical to have cash in this crisis. Startups must utilize this time to invest in relationships and must be clear
and transparent in their communication with employees. There is an active need for evolution in thinking
and businesses and adoption of new product lines. Raising money is not easy thus being frugal is the key.
In addition, Startups must be mindful not to delay their statutory payment.
COVID-19 Brainstorming Business Strategies for Food Service Network – Key members from the Food
Startup industry discussed that liquidity is an issue. However, there are opportunities in challenges,
distribution of resources and change in business model should prove effective. One must be very prudent
in opening new outlets.
Unsettling times, what next in the Startup World – This was a panel discussion between VCs from around
the world on how the current economic situation might evolve, how different geographies and sectors
might get affected, how investors view the situation evolving, and their plans for funding. The mentors
agreed that this is the time to focus on surviving. While great businesses have started during downturns,
tech served companies, digital enterprise solution and digital healthcare remain hot pics.
Cash Flow and Financial Management Bootcamp For Entrepreneurs- Here experts discussed how to
retain one’s advantage while cutting costs during these times. Cash management, sensitivity planning,
statutory issues, accelerated cash collection and organic growth were discussed as the way forward.
Founders’ 101 was launched in partnership with Nishith Desai Associates (“NDA”) for founders to get legal
and tax experts’ answers to questions on an array of legal issues that need attention. The discussing
focused on Force Majeure Issues for Start-ups: Can Parties Renege from their Contracts in view Covid-19?
Ask me Anything Session with a renowned Doctor from Hinduja Hospital on Covid 19, its symptoms and
medical assistance
About TiE Mumbai
The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful
entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. Since 1992.
TiE has been supporting entrepreneurs by offering education, mentorship, networking and funding
opportunities. The mission of TiE is to foster entrepreneurship globally through the 5 pillars of TiE :
mentoring, networking and education, funding and incubation. Dedicated to the virtuous cycle of wealth
creation and giving back to the community. TiE’s focus area is to generate enable the next generation of
entrepreneurs. There are currently 11,000 members, including over 2,500 charter members in 60 chapters
across 17 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking,
and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s
focus is on generating and nurturing our next generation of entrepreneurs.

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