“People will hold back, which means grain gets separated from the chaff.

These companies could face a potential cash crunch as they rely on investors based in the US and China.

Even companies that are doing well will need more time to raise money,” said Vinod Murali, managing partner at venture debt firm Alteria Capital.

Fitness wearables maker Goqii, whose smartwatches are manufactured in Shenzhen, China, is evaluating alternative facilities in India, Vietnam and Taiwan.

“One thing is certain now that we won’t like to rely only on China for our manufacturing,” said Goqii CEO Vishal Gondal. | To read full story, visit https://startuparound.com/read/1584271806.427494/Coronavirus-blow:-Firms-prepare-for-slow-capital-flows,-uncertainty?ref=audio_experience