Flush with funds, start-ups go on a hiring spree in 2020

Vedantu tops with 5,093 net addition, according to data

Flush with fresh funds and business growth, start-ups stepped up hiring in 2020 even as larger corporates limited staff addition in order to save cash. Employee addition, which began climbing in the April-June quarter of 2019 reached its zenith in 2020, and is expected to maintain the trajectory in the coming years.

Vedantu topped the charts with net addition of 5,093 people in 2020, a 381 per cent rise from the year-ago period, followed by Ecom Express (4,733), NoBroker (2,625) and Delhivery (1,418). Unacademy (1,242), Fincare Small Finance Bank (1,232), Licious (1,181) and Udaan (1,076) were the others in the top 10 staff addition list, according to data collated by data research firm Tracxn.

Source: The Hindu BusinessLine

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