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Come tech bubble or fundraising struggle, start-ups stay optimistic: Report

33% said they were looking to hire women in leadership roles, reports Tech in Asia

Kylee McIntyre | Tech in Asia 

Photo: Shutterstock
Photo: Shutterstock

The success rate for funded start-ups is less than 10%, and as many as 1,000 start-ups shut down last year. But that’s not stopping India’s start-ups from shooting for the stars. Around this month last year, there were around 19,000 start-ups in India. 

50% of those surveyed tried their hand at last year. Of that group, 63% “did not have a favourable experience.” However, 94% of all survey respondents are looking to fundraise this year.

Help wanted with investors

11% of surveyed start-ups were already profitable, but virtually all start-ups in the study saw themselves becoming profitable in four or more years. 64% saw themselves achieving an exit within six years.

A few good women

Sales talent narrowly topped the list of most difficult hires – nearly one-fourth reported that as the hardest talent to obtain – followed by chief technology officer (CTO) and chief marketing officer (CMO) at 23% respectively.

Less than half – 42%– reported in roles, either on the board (24%) or as a CXO – a chief-level position like CEO, CTO, etc. (18%). However, 33% said they were “looking to hire” in roles.

Come tech bubble or fundraising struggle, start-ups stay optimistic: Report
Taxes and the government

Though the Indian government’s goods and services was received well by the survey participants – 40% named it the most helpful government initiative – a better tax policy topped the list of requests the founders had from the government. Cheaper financing was the aim of 19% of respondents – just 1% less than those who asked for a better tax policy.


This is an excerpt from an article published on TechInAsia. You can read the full story here

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Come tech bubble or fundraising struggle, start-ups stay optimistic: Report

33% said they were looking to hire women in leadership roles, reports Tech in Asia

33% said they were looking to hire women in leadership roles, reports Tech in Asia
The success rate for funded start-ups is less than 10%, and as many as 1,000 start-ups shut down last year. But that’s not stopping India’s start-ups from shooting for the stars. Around this month last year, there were around 19,000 start-ups in India. 

50% of those surveyed tried their hand at last year. Of that group, 63% “did not have a favourable experience.” However, 94% of all survey respondents are looking to fundraise this year.

Help wanted with investors

11% of surveyed start-ups were already profitable, but virtually all start-ups in the study saw themselves becoming profitable in four or more years. 64% saw themselves achieving an exit within six years.

A few good women

Sales talent narrowly topped the list of most difficult hires – nearly one-fourth reported that as the hardest talent to obtain – followed by chief technology officer (CTO) and chief marketing officer (CMO) at 23% respectively.

Less than half – 42%– reported in roles, either on the board (24%) or as a CXO – a chief-level position like CEO, CTO, etc. (18%). However, 33% said they were “looking to hire” in roles.

Come tech bubble or fundraising struggle, start-ups stay optimistic: Report
Taxes and the government

Though the Indian government’s goods and services was received well by the survey participants – 40% named it the most helpful government initiative – a better tax policy topped the list of requests the founders had from the government. Cheaper financing was the aim of 19% of respondents – just 1% less than those who asked for a better tax policy.


This is an excerpt from an article published on TechInAsia. You can read the full story here

image
Business Standard
177 22

Come tech bubble or fundraising struggle, start-ups stay optimistic: Report

33% said they were looking to hire women in leadership roles, reports Tech in Asia

The success rate for funded start-ups is less than 10%, and as many as 1,000 start-ups shut down last year. But that’s not stopping India’s start-ups from shooting for the stars. Around this month last year, there were around 19,000 start-ups in India. 

50% of those surveyed tried their hand at last year. Of that group, 63% “did not have a favourable experience.” However, 94% of all survey respondents are looking to fundraise this year.

Help wanted with investors

11% of surveyed start-ups were already profitable, but virtually all start-ups in the study saw themselves becoming profitable in four or more years. 64% saw themselves achieving an exit within six years.

A few good women

Sales talent narrowly topped the list of most difficult hires – nearly one-fourth reported that as the hardest talent to obtain – followed by chief technology officer (CTO) and chief marketing officer (CMO) at 23% respectively.

Less than half – 42%– reported in roles, either on the board (24%) or as a CXO – a chief-level position like CEO, CTO, etc. (18%). However, 33% said they were “looking to hire” in roles.

Come tech bubble or fundraising struggle, start-ups stay optimistic: Report
Taxes and the government

Though the Indian government’s goods and services was received well by the survey participants – 40% named it the most helpful government initiative – a better tax policy topped the list of requests the founders had from the government. Cheaper financing was the aim of 19% of respondents – just 1% less than those who asked for a better tax policy.


This is an excerpt from an article published on TechInAsia. You can read the full story here

image
Business Standard
177 22