India's COVID-19 Crisis: Niren Shah's Sector Outlook & Survival Advice
Niren Shah, Managing Director & India Head of Norwest Venture Partners, has painted a stark picture of the current situation in India, describing it as a once-in-a-generation crisis. He shared insights on the impact on businesses and livelihoods, and the potential shifts in consumer behavior post-COVID-19.
Shah divided the COVID-19 timeline into three parts. In the short term, he believes EdTech, e-health, and pharma sectors will thrive, while real estate, offline retail, and movie theaters may struggle. He expects consumer behavior to shift positively towards digital and environment-friendly products.
In the intermediate period, digital businesses like online food delivery, online grocery, and online furniture are expected to grow. Shah identified healthcare, technology, and clean energy sectors as potentially successful industries for the long-term behavior of startups and companies after the vaccine administration.
Shah is optimistic about a strong business comeback in the long run, with mean reversion being a reality. He advised founders to assess, reimagine, and relook at their business, stay liquid, and focus on survival during the crisis. TiE Mumbai, under the leadership of Atul Nishar, continues to support venture builders by connecting them to industry stakeholders and experts.
