Indian Startups Unlock $1 Billion in Savings During 2023 Fiscal Year
Indian startups have made great strides toward saving costs in tech and ad spending for fiscal 2023. According to UnearthInsight’s data, Meesho and Dealshare have slashed cloud costs by as much as 50 percent, resulting in a total savings of $200 million in tech costs and $800 million in ad spending. This is an incredible achievement that highlights the potential of Indian startups to drive growth through cost-saving measures.
The success of these two companies has been attributed to their innovative approaches when it comes to cutting expenses while still delivering quality services or products. For instance, they both focus on leveraging existing technology instead of investing heavily in new ones; this helps them save money without compromising quality or customer experience. Additionally, they are also able to negotiate better deals with vendors due to their large volumes which further reduces overall expenditure on resources like cloud hosting etcetera.
Overall, the savings achieved by Meesho and Dealshare demonstrate how Indian startups can be successful at reducing operational costs while still providing high-quality services or products for customers around the world – something that should be celebrated! With more such initiatives being taken up across India’s startup ecosystem – we can expect even greater cost savings over time – leading us closer to a brighter future!Read more at Moneycontrol