Startup salaries swell amid pandemic-induced funding boom

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.