Scaling Through Crisis: Impact Assessment on Startups and Scaleups in Nigeria

Adapting to change has become more important than ever, as smart solutions are necessary to survive in a constantly evolving world.

The report also explores how businesses and investors, as part of their immediate responses to the crisis, tactically redirected resources to business areas that were less likely to suffer from shocks. Adapting to change has become more important than ever, as smart solutions are necessary to survive in a constantly evolving world. Some industries such as hospitality, real estate and mobility suffered greatly while e-commerce, e-learning, energy and utility, telemedicine, medical distribution and digital financial services players experienced a boom in demand. In order to stay afloat and survive, companies were forced to take several measures such as working remotely, reducing growth plans to protect their runway, pivoting to offer new products/services, and cutting costs, which unfortunately led to job losses.

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Endeavor Nigeria

Endeavor Nigeria

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Endeavor is leading the global high-impact entrepreneurship movement. We are accelerating the growth of Nigeria’s high-impact, scaleup & growth-stage companies.