COVID-19 offers reality check for India’s unicorns

COVID-19 offers reality check for India’s unicorns

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

As the new coronavirus started spreading quickly in India last month, the founders of a fast-growing unicorn scrambled to introduce measures to protect their staff from transmission. The company, however, kept the lights on at its Bengaluru offices, in the belief that its operations would continue, with a few disruptions, no matter what happened, one of the founders said on condition of anonymity.

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