In early March, Akshat Singhal, a software products and analytics specialist, travelled to Bengaluru from his home in the National Capital Region for a job interview at Razorpay. After India imposed a nationwide lockdown on March 24, the rest of the hiring and onboarding process was virtual. Singhal finally joined the payments and financial technology venture on May 18, the day the third phase of the lockdown came to an end. “I was at the right place at the right time,” says Singhal, 30, who will soon relocate to Bengaluru.
Even as many Indian companies stare at a stalled economy amid the coronavirus pandemic, some startups are seeing demand going up for their products and services as the country cautiously emerges out of a two-month-long lockdown. These startups are recruiting aggressively.
Covid-19 has especially been a turning point for the fintech sector. While the pandemic has imposed business restrictions and created uncertainty on a number of fronts, there are also new opportunities due to increased demand for digital payments and digital financial processes from the offline businesses. Many startups in this sector are re-examining their business models, hiring plans, and are currently prioritising growth and customer acquisition over profitability.
Razorpay, for example, is hiring for over 50 critical positions across functions like back-end, frontend, data sciences, and product management, the company said in a recent press release. In the last 12 months, the startup has more than doubled its headcount from 330 to 770, with 15 percent headcount increase happening in the past six months.
Denne historien er fra June 19, 2020-utgaven av Forbes India.
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Denne historien er fra June 19, 2020-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
