60% startup founders report increased revenue, profitability in 2023

The funding crunch of 2022 and 2023 seems to have done better for the Indian startup ecosystem. According to the findings of a Nasscom and Zinnov study, about 60 per cent of startup founders reported increased revenue and profitability in 2023.

Additionally, a significant portion of unfunded tech startup founders anticipate higher revenues in 2024 compared to their funded counterparts, said the report ‘Weathering The Challenges- The Indian Tech Startup Landscape Report 2023’.

Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups.