Startup Jobs Seen Aplenty In 2021 As Post-pandemic Hiring Gathers Pace

Mumbai: Startups are likely to witness a strong hiring uptick this year, courtesy a bounceback in business and revenue, with growth for some even surpassing pre-pandemic levels.

The pace of recruitment will increase this year, said about 72% of startup founders surveyed by debt fund InnoVen Capital in its annual Startup Outlook Report. Startups operating in logistics, digital media, e-commerce and deep-tech sectors are the most bullish about hiring.

“At the beginning of the festive season in August and September last year, demand came back and the pervasive changes in consumer behaviour also played to the strengths of digital-first consumer-focused business models,” Ashish Sharma, chief executive officer of InnoVen Capital, said in the report.

The Covid-19 pandemic hurt most companies last year, and they had to make tough calls around realigning team sizes and salary cuts, although a few enjoyed immediate tailwinds (edtech, online gaming, etc.), the report stated.

Source: The Economic Times

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