Indian tech start-ups confident of improvement

Indian tech start-ups witnessing a slow recuperation with revenue acceleration and funding enhancing their cash availability and giving them longer runway to function, according to IT enterprise frame Nasscom.

Nasscom had performed a ‘Start-up Pulse Survey II’ to recognize what has modified and what the subsequent six months appear to be for the tech start-up surroundings inside the nation. The first survey became carried out in April–May this year.

As in line with the findings of the trendy survey, sales acceleration and investment has progressed the coins availability with start-ups. About 43% of the tech start-ups they have got a runway for extra than six months, in comparison to eight consistent with cent in the earlier survey.

“COVID-19 has extended digital adoption and tech start-ups can leverage this possibility with business enterprise and SMB customers for product adoption. Greater attention at the shift to on line has additionally created new business possibilities,” Nasscom stated.