Covid-19 effect on VCs to be seen after pandemic subdues: Report

New Delhi, April 10 (SocialNews.XYZ) With the coronavirus pandemic severely hitting businesses, a report by Wizikey has said that major impact of the outbreak on Venture Capitals (VCs) will be seen after the outbreak subdues.

Analysing news reports, the survey by the IAN-backed PR and communication SaaS platform said that weekly trend describes a five-week window where the percentage of positive news in the first week was 29 per cent, which drastically dropped to below 5 per cent in the fifth week. It said that the current situation has dropped the polarity score quite steeply.

"Effect of Covid-19 on VCs will be seen after the outbreak tones down. Therefore, a drastic effect is witnessed and can take sudden turns in the upcoming months," the report said.

On the e-commerce sector, the report said that during the third and fourth weeks, there was immense upsurge in the e-commerce sector with positive news between 38 per cent and 40 per cent. But it fell in these last few weeks to below 28 per cent due to the recent out of stock problems and precautions taken during delivery by limiting the number, it said.

Further, it said that in terms of profit and production, media and entertainment has shown considerable loss which has drastically pulled down the whole positive polarity which was initially gained from increasing OTT platform viewers.

But because of internet congestion and reduced byte-rate due to work from home, the quality of viewers has decreased considerably. Overall, the polarity of positive news is around 15, it said.

Source: IANS