As funding winter continued to reign supreme over the Indian startup ecosystem, consolidation remained the central theme in FY24 as well
Inc42 is back with another edition of ‘Founder Salaries Tracker’ to keep you updated with the remuneration earned by the startup founders in FY24
Supam Maheshwari, the founder of ecommerce marketplace FirstCry, retained the top spot in FY24 as well. He took home INR 103.8 Cr remuneration during the year
A total of 51 founders of 28 Indian new-age tech companies took home INR 283.5 Cr in cumulative annual salary in the financial year 2023-24 (FY24)!
However, the average founder salary plummeted 26.9% to INR 5.55 Cr in FY24 from INR 7.6 Cr in the previous fiscal year.