Tech startups are paying too much in India

Tech startups are paying too much. Clearly this is not an issue for them, hospital yet! Startups like Snapdeal, Ola Cabs, Oyo rooms are flush with funds. Word on the street is that they have too many people. For example, snapdeal has over 200 product managers! Lofty valuations are forcing these companies to explore adjacent or even orthogonal opportunities just so that they can proide a reasonable exit to investors.

In the Delhi, Gurgaon, Noida area are really messing up hiring for incumbents with established businesses and sucking talent away… interesting times!

Could be a great thing for good tech talent… but I do worry about incumbents!