Tech
ET Prime Unicorn 100: A fifth of Indian unicorns saw revenue decline
Synopsis
Unlike the previous year, there is only a marginal uptick in the number of profitable unicorns. There is a sharper reduction in losses. But, overall, unicorn financials reveal deceleration of growth and decline among a sizeable section of them.
India’s leading startups are cutting losses even at the cost of growth, as late-stage private capital funding continues to be moderate. The long dry spell in the late-stage funding means shortening of the runway for many loss-making unicorns. That has forced them…
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