Edtech, fintech, and health-tech startups reported a faster recovery, owing to strong demand due to the Covid-19 pandemic

A little over half of all technology startups in India expect their revenues to reach pre-Covid-19 levels within the next six months, driven by increased digital adoption and investor interest in backing early-stage startups, according to a survey.

Recovering revenues and higher funding has also extended runways for tech startups, with 43% respondents in a survey conducted by industry lobby group Nasscom reporting that they now had cash to sustain their businesses for over six months.

This is an improvement from when just 8% of startups had said that they had a runway of over six months in Nasscom’s first Startup-pulse Survey conducted in March-April, just after the first lockdown was imposed by the government.

Read More: https://cio.economictimes.indiatimes.com/news/corporate-news/over-50-tech-startups-expect-their-revenues-to-reach-pre-covid-19-levels-in-six-months-survey/79420375

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