Startup jobs seen aplenty in 2021 as post-pandemic hiring gathers pace
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Indian startups operating in logistics, digital media, e-commerce and deep-tech sectors are the most bullish about hiring, according to an InnoVen Capital report.
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The pace of recruitment will increase in 2021, said 72% of startup founders surveyed by InnoVen Capital. The confidence stems from investors flush with capital chasing these startups.
Mumbai:Startups are likely to witness a strong hiring uptick this year, courtesy a bounceback in business and revenue, with growth for some even surpassing pre-pandemic levels.
The pace of recruitment will increase this year, said about 72% of startup founders surveyed by debt fund InnoVen Capital in its annual Startup Outlook Report. Startups operating in logistics, digital media, e-commerce and deep-tech sectors are the most bullish about hiring.
After a year of job uncertainty and salary cuts, the start-up ecosystem is stepping up its hiring plans as many large firms look to scale up their business. According to a survey by Scalar, venture capital-funded start-ups, especially in edtech, logistics, and gig economy, will be key drivers of the job market in 2021. Live learning platform Vedantu planned to hire 1500 employees in FY 2020-21 and has achieved most of this hiring. They plan to further hire 200-300 employees across all levels, with domain expertise in the fields of technology, product, finance, strategy and human resource this year. “Due to the tremendous potential of online learning in current times, it is our duty to ensure that all students and teachers get perfect experience of our product. Hence, we are ramping up our hiring across domains from India’s premium B-schools and engineering institutes,” said Vamsi Krishna, chief executive officer (CEO) and co-founder, Vedantu.