Only 3 unicorns added in 2023; capital woes hurting startups
The overall figure of unicorns reduced to 83 from 84
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June 2023
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‘Optimising teams’: Byju’s on Toppr, WhiteHat Jr layoffs
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities
Udaan fires 180 employees; 4% of its workforce
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
An arbitrage at play, public markets are cheaper than private markets today
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.
SaaS platform LeadSquared raises $153 mn; enters unicorn club
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.
Neobank Open turns unicorn after fresh funding
Open is now valued at $1 billion, making it the 100th entrant in India's unicorn club.
Inside Mensa Brands' 'house of brands' play
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
Livspace turns unicorn with $180 million funding led by KKR
The startup says it will enter new markets and double down on brand building in India and Singapore.
Chargebee scores $250 million at a valuation of $3.5 billion
Tiger Global and Sequoia Capital led the investment in the Chennai and San Francisco based SaaS startup. The firm turned unicorn in April 2021.
Darwinbox turns unicorn after $72 million funding led by TCV
The company expects to launch in the US in 2022.
