Over 50% Tech Startups Expect Revenue To Pick Up In Six Months: Nasscom

Fund-raising too has seen an uptick in the last three months. The July- September quarter saw around $1211 million of fund-raising compared to $482 million in April-June quarter.

NEW DELHI : Tech start-ups in India that were battered by the pandemic are on a gradual recovery path, recording reduction in losses, improved cash runway and access to funding, according to Nasscom’s new Startup Pulse 2 survey.

Nasscom defines tech start-ups as active technology product/platform companies incepted in 2015 or later.

With over 50% startups expecting revenues to reach pre-covid levels within six months, the outlook for the sector is cautiously optimistic. While seed and early stage start-ups in edtech, fintech and healthtech are witnessing a faster recovery, B2B startups are also seeing an uptick in the revenues.

Revenue acceleration and funding has improved the cash availability with start-ups. Around 43% of tech startups have a runway for more than six months compared to 8% in the survey done in April-May.

Source: livemint

Comments are closed.