Funding squeeze hit brakes on startups' unicorn race in 2024: Tracxn

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Funding squeeze hit brakes on startups' unicorn race in 2024: Tracxn - Business Standard

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Startups in India that became unicorns in 2019 took over 10 years on average to reach the milestone of a $1 billion valuation.

But just four years later, in 2023, the average time to achieve the same status was cut in half to just five years, as private equity and venture capital (PE/VC) firms poured cash into these companies to scale their businesses without focusing much on profitability, according to data from research agency Tracxn.