Exploring How Startups Slash Cloud Expenses by Renegotiating Service Provider Deals

As a leading IT company providing software solution services, we’ve observed the evolving landscape of Indian startups amid the challenging global macroeconomic conditions and the ongoing funding slowdown. As a crucial aspect of tech businesses, cloud storage budgets are being adjusted, and many startups are seeking to optimize their spending by renegotiating contracts with major service providers such as AWS and Google Cloud.

In response to the pressure to control cash burn, several startups have successfully reduced their cloud expenses by 20%-30%, while others, like Meesho and Dealshare, have made even more significant reductions, slashing their cloud expenses by an impressive 50%.

At Edvenswa, we recognize the importance of staying ahead in the competitive market, especially during the current economic downturn. The top three cloud service providers, Amazon Web Services (AWS), Google Cloud Platform, and Microsoft Azure, have initiated pricing wars to attract startups onto their platforms.

We’ve also noticed that AWS rivals have been actively approaching startups, offering more competitive pricing to encourage them to switch from their existing cloud service providers. Some founders have even leveraged pricing quotes from Google Cloud and Microsoft Azure to negotiate discounted contracts with AWS, which may be their primary cloud service provider.

Regarding the Cyber Security Ecosystem, the Data Security Council of India has forecasted significant growth, which will demand nearly one million professionals by 2025. The expanding ecosystem will generate a substantial need for cloud security skills, projected to grow by 115% from 2020 to 2025, resulting in approximately 20,000 job openings, as highlighted by Narayan.

At Edvenswa, we understand the importance of a robust security team, especially with the introduction of 5G technology, which may lead to a surge in network vulnerabilities, critically impacting enterprises. We believe that investing in the upskilling and reskilling of our existing workforce is an effective approach to future-proofing our operations and ensuring the best possible service for our clients.

We aim to stay proactive and well-prepared for the 5G rollout, much like Bharti Airtel, which offers its professionals like us, free certification courses such as CCNA (Cisco Certified Network Associate) and CCNP (Cisco Certified Network Professional) based on our skill levels and eligibility. By continually improving our skills and knowledge, we can address the challenges posed by the dynamic IT landscape and provide cutting-edge solutions to our valued customers.

What do you think?

What do you think?

1 Comment
April 10, 2023

Even if we do not talk about 5G (specifically), the security talent in general in the country is very sparse at the moment. We need to get more (security) professionals in the system.

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