Start-ups are likely to witness strong hiring this year, a bounce-back in business and revenue, with growth for some even surpassing pre-pandemic levels. The speed of recruitment will improve this year, said about 72% of start-up founders surveyed by InnoVen Capital.
Start-ups working in logistics, digital media, e-commerce sectors are going to hire more this year.
Ashish Sharma, CEO of InnoVen Capital said, “At the beginning of the festive season last year, the demand came back and the pervasive changes in customers behavior also played to the strengths of digital-first customer-focused business models”.
COVID-19 has harmed most of the companies last year, and those companies had to make tough decisions like layoffs and salary cuts, although few sectors enjoyed the sudden change.
The COVID-19 pandemic added strength to the team size of the health-tech, enterprise, and fintech companies as they sustained hiring last year are expected to hire at the same level this year. The e-pharmacy segment also saw a rise in demand last year after the outbreak of the virus.