What is a Startup
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.
The term of startup refers to a company in the first stages of operations. Startups are founded by one or more entrepreneurs who want to develop a product
It is often a general perception that working in industry giants, especially from the currently outperforming and consolidating IT sector, brings in huge and hefty bucks for software engineers.
It can be agreed upon that this is not an entirely false notion, especially given the fact that software engineers with considerable years of experience earn handsomely in India, compared to peers of the same experience in other industry segments.
However, according to a recent finding published by Weekday – a startup company that helps firms find the best of engineering hires, the per annum salary packages of software engineers working at product startup companies or good IT startups are earning better than the ‘traditional’ IT giant names like Infosys, TCS, and Wipro.
Highest remuneration paying startups
Weekday has taken in salary data from more than 50,000 engineers and on computing and analyzing the collected figures, has found that IT startups pay their software engineers handsomely.
ShareChat pays the highest remuneration to its mid-level software engineers.
The Bangalore-based Mohalla Tech’s company ShareChat pays nearly Rs 47 lakh per annum to software engineers with an experience of around 4 years.
The fintech startup CRED and the e-comm platform Meesho pay an annual salary of Rs 40 lakh and Rs 39 lakh to their engineers with similar experience.
According to the data shared by Amit Singh of Weekday, the engineers working at product startup companies like Sharechat, CRED, Swiggy, and Meesho, among others, get paid a lot more than the annual salaries paid to their counterparts at IT giants and behemoths.