Over 50% of Tech Startup sees Income Arriving at pre Covid level in a half year, cash in hand Improves

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Over 50% of tech startup sees #income arriving at pre-Covid level in a half year, cash in hand improves:- 

India's technology startup's standpoint towards post-pandemic recovered has improved in the previous four-five months. More than 53 percent of innovation/technology startups in India are currently anticipating that their revenue should come to the preCovid level in under a half year, as per the subsequent Startup Pulse Survey by NASSCOM

The overview additionally said that the financing has improved the money accessibility with new businesses as 43 percent, up from 8 percent in the past review, presently have a runway of more than a half year to work.  

Areas especially Edtech, healthtech, programming as-a-administration, and private ventures keep on pulling to financial specialists' interest as Covid19 opened up occasions to serve more clients who couldn't move out because of the lockdown limitations.

India’s technology startups’ outlook towards post-pandemic recovery has improved in the past four-five months. More than 53 per cent of technology startups in India are now expecting their revenue to reach the pre-Covid level in less than six months, according to the second Startup Pulse Survey by Nasscom released on Wednesday. The trade body for the technology industry – Nasscom had released the first Startup Pulse survey back in May, to gauge the impact of Covid on technology startups, that noted decline in revenues being faced by 90 per cent of the startups. “The Indian start-up ecosystem has set a global benchmark in remaining resilient during this disruptive year,” said Debjani Ghosh, President, Nasscom on the survey results.

The survey also said that the funding has improved the cash availability with startups as 43 per cent, up from 8 per cent in the previous survey, now have a runway of over six months to operate. Likewise, nearly 25 per cent of respondents have been able to secure capital or find prospective investors vis-à-vis 7 per cent in the first edition of the survey. Sectors particularly edtech, healthtech, software-as-a-service, and small businesses continue to attract investors’ interest as Covid opened up opportunities for businesses in these segments to serve more customers who couldn’t move out due to the lockdown restrictions.

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