70% of Indian startups reeling under pandemic aftermath, reveals FICCI's nationwide survey
4 years, 6 months ago

70% of Indian startups reeling under pandemic aftermath, reveals FICCI's nationwide survey

India Today  

Startups in India are suffering dearly because of the novel coronavirus. Investors have put decisions on hold, said 33 per cent of startups while 10 per cent claimed that their respective funding deals with investors have been scrapped in light of the pandemic and the economic uncertainty it has triggered. The figures indicate that 22 per cent of the startups in India have cash reserves to meet fixed cost expenses over the next 3-6 months. As per FICCI, 43 per cent of Indian startups have already initiated salary cuts in the range of 20-40 per cent over the period of April-June 2020. Funding A dismal 8 per cent of startups in India received funds in accordance with deals signed prior to the Covid-19 outbreak.

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History of this topic

Private sector must shoulder challenge of creating jobs
1 month, 2 weeks ago

Private sector must shoulder challenge of creating jobs

New Indian Express  

There is good news for an economy in which job growth has been crawling. Indian companies are likely to see a 7.1 percent expansion in their workforce during the half-year period between October 2024 and March 2025, according to data released by staffing firm TeamLease. The report, based on a survey of 1,300 companies, states that 59 percent of employers …

Indian startups set for more pain as funding crunch worsens
1 year, 8 months ago

Indian startups set for more pain as funding crunch worsens

Live Mint  

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. The prospect of fast rising consumption both offline and in India's digital space helped many startups clock multi-billion-dollar valuations in recent years, with …

Almost 80% of Early-Stage Startups Looking To Increase Workforce In 2023: FICCI-Randstad Survey
1 year, 9 months ago

Almost 80% of Early-Stage Startups Looking To Increase Workforce In 2023: FICCI-Randstad Survey

News 18  

A significant proportion of early-stage startups, those with a current workforce of fewer than 20 employees, are actively seeking to expand their workforce in 2023 despite the current trend of layoffs, according to a joint survey by FICCI and HR services company Randstad India. “While startups are planning to expand their workforce, a substantial portion, 31.92 per cent anticipate an …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years, 1 month ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees
2 years, 7 months ago

Startup Layoffs: Overall Funding Is No Less This Year, But Why Firms are Firing Employees

News 18  

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year and even the number of companies raising over USD 100 million is also higher than last year. Interestingly, the data showed that the …

India's GDP to Grow 7.4% in 2022-23: FICCI Economic Outlook Survey
2 years, 9 months ago

India's GDP to Grow 7.4% in 2022-23: FICCI Economic Outlook Survey

News 18  

The country’s gross domestic product is expected to grow 7.4 per cent in the current financial year 2022-23, according to the FICCI Economic Outlook Survey. “While the threat from the pandemic remains on fore, the continuation of Russia-Ukraine conflict is posing a significant challenge to global recovery.” Industry body FICCI in a statement on Sunday also said that according to …

2020: How Coronavirus Pandemic Maybe a Masked Opportunity for Indian Startup Ecosystem
4 years ago

2020: How Coronavirus Pandemic Maybe a Masked Opportunity for Indian Startup Ecosystem

News 18  

Life as an Indian startup has always been an uneven ride. This last decade has seen the startup ecosystem grow exponentially, with over USD 14.5 billion worth of capital raised in 2019 alone. Today, as I look back at a year that has challenged our nation’s startup ecosystem like never before, I think it’s time to draw inspiration from the …

Indian Startups End 2020 on Strong Note Even as Chinese Investors Dry Up Cash Flow
4 years ago

Indian Startups End 2020 on Strong Note Even as Chinese Investors Dry Up Cash Flow

News 18  

Indian startups understandably saw a decline in the amount of money they raised through 2020, as the Covid-19 pandemic and its subsequent impact on Indian and global economies took its toll. According to consultancy firm Tracxn, 2020 marked the first year since 2016 when the total amount of funding raised by startups in India failed to cross the $10 billion …

Indian economy shows signs of revival as we gear up to emerge from Chinese coronavirus pandemic
4 years, 2 months ago

Indian economy shows signs of revival as we gear up to emerge from Chinese coronavirus pandemic

Op India  

As India gradually emerges out of the strict and unyielding coronavirus lockdown it had imposed to curb the spread of the deadly contagion, the economy of the country which had come to a standstill is showing positive and encouraging signs of robust economic recovery. Perhaps the biggest growth story in the Automobile sector is charted by Maruti Suzuki which reported …

COVID-19 aftermath: Funding divide among Indian startups makes survival difficult; while some bag millions, others struggle
4 years, 6 months ago

COVID-19 aftermath: Funding divide among Indian startups makes survival difficult; while some bag millions, others struggle

Firstpost  

Funding in Indian tech-led startups rose by 14 percent in the first quarter of 2020 as compared to the same period last year, yet only 16 percent startups and SMEs have cash to survive for more than three months, revealed a recent survey There are two extreme situations being noticed currently with regards to funding in the startup sector. Overall, …

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report
4 years, 8 months ago

Indian tech-led startups attract funding worth $2.5 billion in first quarter of 2020, up 14% on-year: Report

Firstpost  

Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said New Delhi: Indian tech-led startups attracted funding worth $2.5 billion in the first quarter of 2020, a 14 percent rise compared to the same period last …

Coronavirus Outbreak: Economy suffers 'unprecedented collapse' due to COVID-19, says survey
4 years, 8 months ago

Coronavirus Outbreak: Economy suffers 'unprecedented collapse' due to COVID-19, says survey

Firstpost  

The coronavirus pandemic is having a “deep impact” on Indian businesses and has already caused an unprecedented collapse in economic activities over the last few weeks, says an industry survey released on Tuesday New Delhi: The coronavirus pandemic is having a “deep impact” on Indian businesses and has already caused an unprecedented collapse in economic activities over the last few …

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