50% tech startups expect pre-Covid level revenue in six months’ time

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.