News > Only 23 of India’s 100 unicorn startups are profitable
Only 23 of India’s 100 unicorn startups are profitable
07/05/2022 11:04 PM | Click to read full article
In a historic moment for the world’s third-largest startup ecosystem, India got its 100th unicorn earlier this week. Yet, when it comes to profitability, very few have managed to crack the code.
These startups have raised over $80 billion from investors to date, creating a total market value of more than $300 billion, the data showed.