Stay updated with breaking news from Unicorn Startups. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns arent being birthed. This and more in todays edition of ETtech Morning Dispatch.
Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwals Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.
As we reflect on the past financial year, we present a list of inspiring stories that highlight the extraordinary journeys of ten companies.
India ranks third on the list of most unicorns birthed by a country, but only two companies hit the $1-billion-plus valuation last year. The new economy of startups had contributed 15 public listings so far, the report added.
Issues which will figure in the deliberations include ways to further promote sustainable growth of the sector, risks, domestic capital mobilisation and position India on the global startup landscape, the official said.