Bngluru Tops Startup Hiring (31%) In India As Chennai, Hyderabad Lag

In a recent study by Foundit, among all Indian cities, Bangalore leads in startup hiring (31%).

Not surprising for the Indian Silicon Valley, is it?

Last year, it was 33% for the same Bangalore.

Why hasn’t it increased? Does it mean that the economy has slowed?

The study doesn’t explain the trend although it says that startups hired freshers (0-3 years experience) more, constituting 53% of all job opportunities.

Sekhar Garisa, CEO of Foundit: "Startups are increasingly leaning towards recruiting fresh talent, with over half of their job postings targeted at newcomers. In this market, young professionals should differentiate themselves by picking up relevant skills and not solely rely on their professional degrees." 

Now, here comes the interesting part.

Hyderabad and Chennai startups are hiring the least, each securing only a 5% share. 

The Foundit Insights Tracker (FIT) studied the data from April 2023 to April 2024 to come up with a conclusion.

Delhi and Mumbai faired better with 23% and 18% respectively. 

Also, according to the study, remote working opportunities declined from 8% in 2023 to 3% in 2024, suggesting a shift in employment practices in the startup ecosystem.

Sector-Specific Growth:

During the heatwave, there has been a significant increase in demand for household appliances. This has led to a growth of 27% in the sector compared to the previous year.

The tourism industry is also experiencing robust growth. There has been a 23% increase in job opportunities compared to the previous year.

In contrast, there is a rising demand for experienced professionals. Individuals with more than 15 years of experience saw an 11% increase in hiring rates. Similarly, mid-senior-level professionals with 7 to 10 years of experience witnessed a monthly growth rate of 7%.