Startups Accelerate their Talent Hunt in 2022

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Startups Accelerate their Talent Hunt in 2022
21 Mar 2022
6 min read

News Synopsis

Amid sustained investor interest in the country’s booming startup ecosystem, Indian startups have accelerated their talent hunt in 2022. According to the data of Xpheno, If compared to the previous year, the net headcount at startups rose more than 11% in the first two months of this year. According to the data, Headcount grew 21% at soonicorns and 10% at unicorns. Thirteen startups joined the unicorn list during this period, and there are several more that are expected to soon make the cut with billion-dollar-plus valuations. Kamal Karanth, co-founder of Xpheno said: “The Indian startup ecosystem continues to register positive net employment as it has been over the last five quarters. Despite high attrition figures and increased gross hiring action, startups continue to attract and onboard talent to support their growth plans.” Companies like Meesho, PhonePe, Mamaearth, Good Glamm Group, Licious, Apna.co, Wakefit, Classplus, Purplle, Spinny, Darwinbox, Lead school, Sugar Cosmetics, and Boat are aggressively hiring new talents. Pranav Pai, managing partner at venture capital firm 3one4 Capital said: “Hiring has continued to accelerate this year. In 2021, nearly $45 billion got invested in startups and 20% of that is usually invested in people and organizational expansion. This means that startups will have to hire lakhs of people not just in technology but across the spectrum.”

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