Funding Crunch: Startups and ecommerce companies in India are expected to reduce their campus hiring for the Class of 2024 due to a lack of visibility caused by funding challenges and cost-cutting measures. A survey conducted by Ciel HR Services revealed that campus hiring by startups in 2023 is likely to decline by 35%. While companies in sectors such as direct-to-consumer, electric vehicles, logistics, and product will still recruit from campuses, the focus will be on candidates with specialized skills from Tier-1 and Tier-2 colleges.
Startups and ecommerce companies in India are expected to reduce their campus hiring for the Class of 2024 due to a lack of visibility caused by funding challenges and cost-cutting measures. A survey conducted by Ciel HR Services revealed that campus hiring by startups in 2023 is likely to decline by 35%. While companies in sectors such as direct-to-consumer, electric vehicles, logistics, and product will still recruit from campuses, the focus will be on candidates with specialized skills from Tier-1 and Tier-2 colleges.
Campus hiring by startups in 2023 (from Class of 2024) will see a near 35% decline, according to a survey commissioned by ET to Ciel HR Services. The findings were based on responses from 75 startups and ecommerce companies employing more than 360,000 employees.
By Aryaman Gupta, Shivani Shinde The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders’ Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through