Am I Being Underpaid as a Fullstack Developer With This Salary?

I need some advice here. I'm a 2024 batch passout, but I wasn't placed on-campus and couldn't land a job for months. After endless applying and rejections, I finally got this job and took whatever they were paying because, at that point, nobody else was hiring me.

I joined in July 2024 as a Frontend Developer Intern for 7K INR/month. After a month, I started working on backend too, so I was basically doing fullstack work. But my pay was still 7K/month until December.

From January 2025, they made me full-time, and my salary was increased to 15K INR/month. My tech stack:

• Frontend: Next.js, Svelte
• Backend: AdonisJS, Firebase, PostgreSQL

Now, here’s where it gets interesting. when I ask for a raise he hits me with the classic "limited budget" excuse. 💀

The catch? The company **hasn't even launched yet . . ..**we’re still building everything from scratch. He’s paying from his own pocket, which I get, but bro is pretty rich. So now I’m stuck between staying in this situation or figuring out how to escape this L.

I’ve been grinding job applications, but barely getting any responses. Am I getting underpaid, or is this just how it is for freshers? Also, any tips on actually getting replies from companies?

Would love to hear your thoughts.

Edit: It's a WFH