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Business trends

How red tape could bury Asia's virus-stricken startups

Businesses across the region struggle to access financial assistance

Workers carry mattresses to set up a quarantine facility amid concerns about the spread of COVID-19 in Howrah, on the outskirts of Kolkata.   © Reuters

TOKYO -- Stockpiling mattresses didn't top many people's lists of essentials as they prepared to hole up for the coronavirus lockdown.

That should have rung alarm bells for Bangalore-based bedding supplier Sunday Mattress, whose mattresses designed by Japan's Hiroko Shiratori sell at a premium. But CEO Alphonse Reddy spotted an opportunity.

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