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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

Photo: Unsplash/Markus Winkler
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Photo: Unsplash/Markus Winkler

BS Web Team New Delhi
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

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First Published: Oct 25 2022 | 12:03 PM IST

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