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Monday, January 25, 2021

Tech startups have ‘good news’ for the industry: Fastest-growing, what’s changed & more

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In what surely is good news for the country’s startup industry, the worst seems to be over for the segment. As per the findings of the NASSCOM Start-up Pulse Survey II (done in September-October), tech startups seem to be on path to gradual recovery. The revenue acceleration and funding have improved the cash availability of startups. 43% of tech startups have a runway for more than 6 months, compared to 8 per cent in the earlier survey conducted in April-May. Over 50% startups expect revenues to reach pre-Covid levels within six months. The survey findings show the re-assertion of the Indian tech startup ecosystem. Here are biggest signs of recovery, challenges, pain points and more …

Note: Comparisons in the report are with the earlier survey conducted in April-May 2020.

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