Startup salaries swell amid pandemic-induced funding boom
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Engineers, data analysts, developers and product managers with three-to-seven years experience are being hired at 50% higher salaries by startups flush with funding.
ETtech
The slug of capital comes with an expectation to grow faster that requires quality talent, which in turn comes at a higher cost. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Increased demand for technology talent, following an accelerated focus on digital adoption by businesses due to the Covid-19 pandemic, is making hiring expensive, especially for early-stage startups, multiple founders and recruiters told ET.
Engineers, data analysts, developers and product managers in the three-to-seven-year experience bracket are often being hired for up to 50% higher salaries than industry levels by startups flush with investor capital.
IBT Hottest Fintech Startups 2021: Disruptors To Watch For
There is perhaps no other time in modern history when recognizing the role of startups in driving transformational growth and creating inclusive and positive change is so important. The pandemic has accelerated the trends toward online services and cashless economies, reshaping the banking and financial services industry in the process. Much of this change is being driven by fintech startups as traditional companies in the space fight to adapt and survive.
The International Business Times Hottest Fintech Startups 2021 is an exclusive club of fintech disruptors and innovators who are helping to create a smarter, inclusive world. This list, created in partnership with specialist startup research organization StartUs Insights, showcases the fintech leaders driving the changes sweeping the sector.
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Fintech startup YAP raises $10 million in Series B funding
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Last Updated: Mar 16, 2021, 06:01 AM IST
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Fintech startup YAP will use the funding from investors Flourish Ventures and Omidyar Network India to fuel its overseas expansion and strengthen its team via fresh recruitments.
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Mumbai: Fintech startup YAP has raised $10 million in a Series B funding that was co-led by Flourish Ventures and Omidyar Network India at an undisclosed valuation. YAP’s existing investors Beenext, 8i Ventures and Better Capital also participated in the financing round.
This is a second fundraising for YAP in less than a year. The Chennai-headquartered startup had raised $4.5 million as part of its Series A round in April 2020.
[Product Roadmap] How a focus on simplicity and user experience got MoneyTap the scale it was looking for
In this week’s Product Roadmap, we feature MoneyTap, the fintech startup that has more than 15 million app downloads, and is constantly innovating to better the credit experience for customers.
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In early 2015, Bala Parthasarathy, then part of VC firm Prime Venture Partners, realised that India was at the cusp of a digital transformation.
Consumers were getting familiar with apps and online shopping, but a gap persisted in the financial world. Most banks and NBFCs weren’t catering to the middle-class population that was increasingly going online.