New Delhi: In the first quarter of 2023, across new age technology platforms, hiring of senior positions in Indian start-ups (CTC above Rs. Did. Funding winter, a report showed on Thursday.
According to a report by LONGHOUSE Consulting, an executive search and talent advisory firm, the e-commerce and edtech sectors were hit hard, with employment plummeting by 93% and 84% respectively.
Anshuman Das, CEO and Founder of LONGHOUSE Consulting, said:
Early-stage and pre-series A startups are projected to adopt, but growth- and later-stage startups will continue to be hit hard.
“Early-stage startups in Series A and B level EV, healthcare, AI/ML, fintech, and manufacturing industries are expected to see increased hiring as some roles open up for senior positions. will be,” he added.
But the startup ecosystem will see a surge of seasoned entrepreneurs looking to launch second or third ventures, and seasoned executives making the switch to entrepreneurship.
“The current startup slowdown will stimulate entrepreneurship rather than negatively impact it,” Das said.
Indian startups raised a total of $2.8 billion in the first quarter of 2023. This is a significant decrease of 75% compared to the same period last year ($11.9 billion). Deepen winter fundraising.
According to a recent report from Tracxn, a leading global market intelligence platform, no new unicorns were created in the January-March period compared to 14 unicorns in Q1 2022.
