The Average Salary Offered By Startups In India Is Surprisingly Lucrative

Must Read

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

1.5 Million Engineers Pass Out In India Every Year, Fewer Getting Hired [Trends]

Engineering colleges have been springing up like wild mushrooms in India in the last few years. Their number has...

World’s Most Popular Ad Slogans: A Brief List To Inspire With !

Advertisement plays an important role for companies as well as consumers world wide. It gives a seller an opportunity...

The average salary at startups in India could make many professionals, working in tech behemoths like Infosys, Wipro, Accenture, feel jealous.

The fresh and robust startup ecology is not just pulling funds from mighty investors but also hiring expensive-talent across various divisions to rudder over the budding company’s important goals and plans. The startup companies who took the dominant lead on the track for top hires were OYOZomato and Swiggy. With just a dozen startup unicorns – estimated to overpass $1 billion valuation – have recruited exceedingly 350 directors and CXO grade hires over the past two years. This is in accordance with the analysis by a professional staffing organisation Xpheno.

The median salary of these top-level professionals is over INR 60 lakh, with approximately 20% of these in the extent of INR 1-1.5 crore, as accordance with the Xpheno’s assessments. The benefits of employee stock options (ESOP) is also abundant and has changed with the individual hire.


The topnotch companies in the FMCG (fast moving consumer goods), telecom services, banking, insurance, financial services, e-commerce businesses and information technology industries have appeared as popular job-hunting spots for the topmost talent. However, Oyo, Swiggy and Zomato have picked over 214 people recently for prime administration positions.

“With fresh funding coming in, the Unicorns have been in a rush to deploy them by scaling up and creating new businesses, and they need senior leaders to lead the scale up,” said Kamal Karanth, co-founder of Xpheno.

Karanth also quoted that, in the rising era of the Internet-based consumer startups, the requirement for reaching the dead-end horizons has generated millions of jobs at the base of the job pyramid. Yet, when some of these startups grew magnanimously by the value of their capacity to raise funds they in turn also formulated distinguished high-paying jobs.

Let’s consider the online food delivery start-up Swiggy, which is currently operating over 120 cities across the country, recruited its inaugural chief financial officer, chief operating officer and head of engineering only last year.

“Given this scale, it was key for us to strengthen our leadership last year in the form of our first CFO, COO and Head of Engineering along with VPs across business, product, new initiatives and engineering functions,” said Girish Menon, VP – HR, Swiggy.


In last December, the Bengaluru-based startup firm, Swiggy announced that it had amassed $800 million in fresh capital funding and also expedited $200 million in secondary share trade by some initial investors. Now, the firm is seeking for administrators and directors in the field of data science, machine learning and artificial intelligence.

At the same time, the startup in the space of hospitality and accommodation, Oyo Hotels & Homes has secured an investment of Rs 1,400 crore for its India expansion. There are proposed projects to enhance the abilities across technology, procedures and civil engineering by pitching into data sciences, cloud services and design to entice the topmost talent.

The growth seems to be tripled so far by recruiting competent skills in technology and sales from 2017 to 2019. Engaging professionals in developing and pioneering technologies have progressed to more than 600 in 2019, from 100 in 2017. Whereas business development teams populated to over 750 as of 2018, from 170 in 2017.

Analysing another online food delivery startup app Zomato, which has been profoundly increasing its space, reveals that the unicorn has approximately doubled in the workforce to a team of 5,000 people.

“One of our core focuses for 2019 is to continue to strengthen our engineering team, and while we are enthusiastic about our current leadership team in place, we will continue infusing new talent as per the needs of the business,” a Zomato spokesperson said.

Besides, 20% of these management cadre recruits are from top most universities such as IITs and IIMs. Approximately 30% are from next best-ranked B-schools such as XLRI, FMS, SP Jain, NMIMS, Symbiosis, TAPMI, IMT, technical institutes like BITS Pilani, and prominent NITs including Trichy, Surathkal and Allahabad.

The comprehensive pool of directors comprised predominantly of marketing, sales and product talent, followed by the logistics/supply chain and technology positions. The average work experience of these experts and specialist was on the scale of 12 to 15 years.

Indeed, the average salary offered by startups in India has been increasing with each passing year. The intensifying competition has triggered a race to acquire the best minds of the industry. The only concerning element is that the decision to offer jaw-dropping salary offered by startups is primarily driven by funding and not by profit accumulated. How long the trend will continue, it would be interesting to see!

Be vocal and post your views in the below comment section! Your vies are highly valuable and are just cherry on the ice!


Please enter your comment!
Please enter your name here

Latest News

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

The Current Generation Require Technology In Class To Make The Most Of Future Opportunities

Technology is the current drive for everything. It has influenced all aspects of life, including cultures. It affects the way we live,...

Reliance Jio Offers Free Calls Over WiFi: Activate It Now

Following Airtel’s launch of VoWiFi calling in December 2019, Jio has now started rolling out VoWiFi calling, as well.

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This