COVID-19 in Brazil: impact on startup revenue 2020

A survey on the impact of the COVID-19 crisis among Brazilian startups revealed that 83 percent of startup executives in the sector of human resources, also known as HRTech, expected a decrease in revenue due to the outbreak. Among startups involved in education activities, half of the founders or managers surveyed foresaw a reduction in the number of clients as a result of the pandemic. Among the segments shown in this graph, startup executives in the retail sector were the most optimistic about the impact of the COVID-19 on their startups' performance.

Share of startup executives who foresaw a decrease in revenue or customer base due to the COVID-19 crisis in Brazil as of April 2020, by sector

Characteristic	Revenue decrease	Customer base reduction
HRTech	83%	48%
EdTech	55%	50%
Logistics and transport	50%	32%
HealthTech	45%	34%
Retail	42%	32%

0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%95%

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Release date

June 2020

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Region

Brazil

Survey time period

April 15 to 22, 2020

Number of respondents

234 startup founders or managers

Supplementary notes

The source does not provide information on the type of survey or the age of the respondents.

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