Industry experts say that one of the major reasons for the deteriorating condition of startups is that they tend to overestimate their growth
Often, startups with potential consumer interests fail because their cash reserves are insufficient to fulfil the orders
Amid tight competition in the e-commerce spectrum, it is vital for an e-commerce business owner to have adequate capital to run business operations
The condition of all startup stocks like Zomato, Nykaa, Paytm, Policybazaar are all similar now. Investor wealth has plummeted in these stocks.
Settlement of bonds that are part of global indices via Euroclear can also expect the tax benefits
However, whether or not this trend continues will be decided only by whether these startups deliver on their ambitious claims.
Becoming the first unicorn-based company in Jaipur, Rajasthan, CarDekho has joined the unicorn club with a valuation of $1.2 billion.
India has produced more than three unicorns a month, on average, in 2021
Every month, Licious serves over 1 million orders, with over 90% repeat consumption across markets, according to the company.
Vedantu joins the likes of Byju's, Unacademy, Eruditus, and upGrad as the 28th Indian unicorn so far this year.