Startups’ salary expenses jump 43% in April-Sept amid hiring spree

  • Ballooning salaries and team expansions over the last six months has led to a 43 percent spike in salary spends of startups in India with companies hiring aggressively amid a tech boom, according to RazorpayX Payroll data.
  • The median salary has gone up by 7 percent during the April-September 2021 period as startups continue to see a growing investor interest, says a note released on October 20 by the salary management product of Razorpay, the digital payments and business banking company.
  • At organisational level, 57 percent of the startups saw an increase in hiring and 28 percent a drop.
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