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

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 in the US, Europe, Chinese and Japanese markets.