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SME: Buyer interest in SME space has gone up post-Covid: Vishal Devanath, founder, SMERGERS

SME: Buyer interest in SME space has gone up post-Covid: Vishal Devanath, founder, SMERGERS
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Faizan haidarVishal devanathWorld bankMiddle eastபைசான் ஹைதர்உலகம் வங்கிநடுத்தர கிழக்கு

Small business carnage: 4,900 Covid-hit MSME firms up for sale, figures double up in second wave

While these businesses may be pint-sized (less than Rs. 2 crore), these failures could wreak longer-lasting unemployment and broader economic damage.

Vinod kumarVishal devanathMinistry of corporate affairsNews serviceCorporate affairsEmergency credit line guarantee schemeCovid 19வினோத் குமார்அமைச்சகம் ஆஃப் பெருநிறுவன வாழ்க்கைத்தொழில்கள்செய்தி சேவைபெருநிறுவன வாழ்க்கைத்தொழில்கள்அவசரம் கடன் வரி உத்தரவாதம் திட்டம்

Up for sale: At least 1,200 Covid-hit small businesses looking for exit route

Majority from the travel sector; gyms, restaurants too want out Distress sale of property is par for the course. Sale of businesses, too, routinely happens. But in these pandemic times, the sheer volume of small enterprises wanting to sell out is shocking. At least 1,200 owners have listed their business for sale on an online deal marketplace unable to take financial stress from the lockdown. According to data shared by online investment banking platform SMergers, the biggest impact has been on small tour operators, gyms, restaurants/bars, event management firms, salons, playschools and cloud kitchens that were primarily catering to the office-going set.

Vishal devanathBarun singhDun bradstreetFounder of smergersSale of distressed assetsCovid pandemicFinancial stress from the lockdownஅருண் சிங்டன் பிராட்ஸ்ட்ரீட்