https://techcrunch.com/2021/12/31/record-number-of-unicorns-and-ipos-indian-startups-raised-39-billion-in-2021/

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms.

They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.”