50% tech startups expect pre-Covid level revenue in 6 months

New Delhi, Nov 25 : Indian tech start-ups are now witnessing a gradual road to recovery, with over 50 per cent of them saying that they expect revenue to reach pre-Covid level in less than six months, according to a Nasscom survey released on Wednesday.
Revenue acceleration and funding has improved the cash availability with startups, showed the findings of the “Nasscom Start-up Pulse Survey II”.
The IT industry body revisited its first tech startup pulse survey, conducted back in April-May 2020, to understand what the current perspectives are, what has changed and what the next six months look like for the tech start-up ecosystem in the country.
The results showed that 43 per cent of tech start-ups now have a runway for more than six months, compared to eight per cent in the earlier survey.
“The Indian start-up ecosystem has set a global benchmark in remaining resilient during this disruptive year,” Debjani Ghosh, President, Nasscom, said in a statement.
“Setting an example for many other industries across the globe to follow and learn from how Indian start-ups converted challenges into opportunities. A large tech start-ups pool, strong innovation focus and entrepreneur’s zeal have been the growth drivers of this ecosystem.”