Bengaluru: Top Startup Hiring Location in India | Foundit Report
By Rediff Money Desk, Bengaluru May 09, 2024 20:43
Bengaluru leads India's startup hiring landscape with a 31% share, according to Foundit's report. Delhi and Mumbai follow closely, while Hyderabad and Chennai see the lowest share.
![Bengaluru: Top Startup Hiring Location in India | Foundit Report](https://im.rediff.com/money/2021/jan/29startup.jpg)
Illustration: Dominic Xavier/Rediff.com
Bengaluru, May 10 (PTI) Justifying its tagline of IT hub, Bengaluru snags the 'top startup hiring location in India' tag, a study by
Foundit (formerly Monster APAC & ME), a talent platform, revealed.
Foundit Insights Tracker (FIT) timeframe is a year from April 2023 to April 2024.
According to the report, Bengaluru records 31 per cent share of startup jobs, followed by Delhi (23 percent) and Mumbai (18 percent).
Hyderabad and Chennai have clocked the least share of startup jobs, 5 per cent.
Incidentally, when compared year-on-year, Bengaluru has registered a 2 per cent drop in its startup hiring last year's report released in
April 2023, saw the city clocking 33 per cent share in hiring.
Remote working hiring share too has dropped significantly, from 8 percent in 2023 to 3 percent in 2024.
The report has also stated that startups are looking to hire freshers (with 0 to 3 years of experience), for 53% of all the jobs available.
In the accompanying press note, Sekhar Garisa, CEO of Foundit, said, 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.
As per the report, India's startup ecosystem is rapidly expanding beyond the metros, with non-metro locations increasingly emerging as entrepreneurial hubs.
It also states that the production and manufacturing sector witnessed a 31 per cent year-on-year surge in hiring.
This growth will go a long way in contributing to realising India's vision to emerge as a global manufacturing powerhouse, added Garisa.
Thanks to the heat wave, there is a surge in demand for home appliances, 27 per cent year-on-year growth, stated the report. In response, the sector swiftly adjusted its inventory, distribution, and hiring strategies to meet the rising consumer demand.
Jobs in the tourism industry also saw a 23 per cent year-on-year growth, it added.
According to the report, while startups are looking to hire freshers (0 to 3 years), the overall job market has only shown a slight yearly
uptick of 1per cent in demand for freshers.
In other sectors, demand for professionals with more than 15 years of experience saw an 11 per cent year-on-year increase in hiring and
requirement for mid-senior-level professionals with 7 to 10 years of experience witnessed a monthly growth of 7 per cent.
Foundit (formerly Monster APAC & ME), a talent platform, revealed.
Foundit Insights Tracker (FIT) timeframe is a year from April 2023 to April 2024.
According to the report, Bengaluru records 31 per cent share of startup jobs, followed by Delhi (23 percent) and Mumbai (18 percent).
Hyderabad and Chennai have clocked the least share of startup jobs, 5 per cent.
Incidentally, when compared year-on-year, Bengaluru has registered a 2 per cent drop in its startup hiring last year's report released in
April 2023, saw the city clocking 33 per cent share in hiring.
Remote working hiring share too has dropped significantly, from 8 percent in 2023 to 3 percent in 2024.
The report has also stated that startups are looking to hire freshers (with 0 to 3 years of experience), for 53% of all the jobs available.
In the accompanying press note, Sekhar Garisa, CEO of Foundit, said, 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.
As per the report, India's startup ecosystem is rapidly expanding beyond the metros, with non-metro locations increasingly emerging as entrepreneurial hubs.
It also states that the production and manufacturing sector witnessed a 31 per cent year-on-year surge in hiring.
This growth will go a long way in contributing to realising India's vision to emerge as a global manufacturing powerhouse, added Garisa.
Thanks to the heat wave, there is a surge in demand for home appliances, 27 per cent year-on-year growth, stated the report. In response, the sector swiftly adjusted its inventory, distribution, and hiring strategies to meet the rising consumer demand.
Jobs in the tourism industry also saw a 23 per cent year-on-year growth, it added.
According to the report, while startups are looking to hire freshers (0 to 3 years), the overall job market has only shown a slight yearly
uptick of 1per cent in demand for freshers.
In other sectors, demand for professionals with more than 15 years of experience saw an 11 per cent year-on-year increase in hiring and
requirement for mid-senior-level professionals with 7 to 10 years of experience witnessed a monthly growth of 7 per cent.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...