Several startups in India may lose their Unicorn status, says report

In total, around 105 start-ups in India attained the status of Unicorns between 2018 and 2022 but the active number of unicorns has now been reduced to 84

Owing to decreased funding and crashes in late-stage deals, several startups in India may lose their Unicorn status. A company with a valuation of over $1 billion is considered to be a Unicorn in India. According to a report in the Financial Express (FE), several experts said that start-up founders are trying to avoid raising money due to unfavourable market conditions. But those who have already taken the "plunge" may lose the status quo as a unicorn. 

"Most big startup investors in India are global tech investors and they usually compare some of the domestic Indian startup valuations with tech stocks