Startup funding in 2023 lowest in 5 years
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
The overall figure of unicorns reduced to 83 from 84
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
Nikhil Kamath, co-founder at Zerodha and True Beacon, says that the startup funding ecosystem is going to be difficult, at least for the next couple of years.
With this, LeadSquared has become the 103rd startup to enter the coveted unicorn club in India. LeadSquared offers an end-to-end efficiency platform for businesses working across different segments.
Open is now valued at $1 billion, making it the 100th entrant in India's unicorn club.
Co aims to make 20 brand acquisitions in FY23. "We are trying to build a digital, global, tech-led house of brands from India," says founder Ananth Narayanan
The startup says it will enter new markets and double down on brand building in India and Singapore.
Tiger Global and Sequoia Capital led the investment in the Chennai and San Francisco based SaaS startup. The firm turned unicorn in April 2021.