New Delhi: Recruitment for Senior Positions indian startup (CTC above Rs 50 lakh per annum) fell by around 80% across new age technology platforms in Q1 2023 compared to the same period last year, with reduced adoption amid a fundraising winter continued the pattern of doing so, the report said on Thursday.
According to a report, the e-commerce and edtech sectors were hit hard, with jobs plummeting by 93% and 84% respectively. longhouse consultingan executive search and talent advisory firm.
“The hiring scenario in the startup ecosystem in the first quarter will be similar for the next two quarters, with senior positions with high paying jobs continuing to decline,” he said. Anshuman DasCEO and Founder of LONGHOUSE Consulting.
Early-stage and pre-series A startups are projected to adopt, but growth- and later-stage startups will continue to be hit hard.
“EV, Healthcare, AI/ML, Fintech We also expect to see more hiring in series A and B level early stage start-up manufacturing as some roles open up for senior positions,” 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 is more likely to stimulate entrepreneurship 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 75% decrease compared to the same period last year ($11.9 billion). Deepen winter fundraising.
there was no new unicorn According to a recent report from Tracxn, a leading global market intelligence platform, unicorn companies created in the January-March period compared to 14 unicorn companies in Q1 2022.
According to a report, the e-commerce and edtech sectors were hit hard, with jobs plummeting by 93% and 84% respectively. longhouse consultingan executive search and talent advisory firm.
“The hiring scenario in the startup ecosystem in the first quarter will be similar for the next two quarters, with senior positions with high paying jobs continuing to decline,” he said. Anshuman DasCEO and Founder of LONGHOUSE Consulting.
Early-stage and pre-series A startups are projected to adopt, but growth- and later-stage startups will continue to be hit hard.
“EV, Healthcare, AI/ML, Fintech We also expect to see more hiring in series A and B level early stage start-up manufacturing as some roles open up for senior positions,” 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 is more likely to stimulate entrepreneurship 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 75% decrease compared to the same period last year ($11.9 billion). Deepen winter fundraising.
there was no new unicorn According to a recent report from Tracxn, a leading global market intelligence platform, unicorn companies created in the January-March period compared to 14 unicorn companies in Q1 2022.
