Synopsis
A snapshot of unicorn financials for FY24, the latest available, points to challenges. While IPOs open growth avenues for financially strong New Age ventures, long funding slowdown is beginning to show its impact on several billion-dollar startups.
The third edition of ET Prime Unicorn 100, a definitive list on India’s strongest startups, reveals a heightened focus on financial sustainability, as several of them are looking to go public and some others are facing capital crunch due to tepid late-stage startup funding. While substantial reduction of losses is a key highlight of unicorn financials for FY24, the latest that is available for most of them, it also signals challenges in terms of
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