Over 50% tech startups expect their revenues to reach pre-Covid-19 levels in six months: Survey

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.