THE YEAR 2022 started on a very high note with 43 unicorns added in 45 weeks since the start of 'Azadi ka Amrit Mahotsav' on March 12, 2021. But eventually the funding winter crept in. According to a PwC India report, startup funding in India has hit a two-year low at US$ 2.7 billion in the third quarter of 2022. In the July-September period, only two startups i.e. health tech startup Img and delivery startup Shiprocket joined the unicorn club. Img became India's fifth healthtech unicorn after raising US$ 40 million in a round led by Tata Digital. The latest startup to join the unicorn club in August 2022, Shiprocket, a Gurugram-based third-party logistics service provider founded by Saahil Goel, Vishesh Khurana, Gautam Kapoor and Akshay Gulati received US$ 30 million.
TURBULENT TIMES
The Infosys Co-founder and Chairman Nandan Nilekani recently said that he admired the present-day young founders' business understanding and strategic thinking but worried if they were building for the long haul. The recent bloodbath in the Indian startup ecosystem has been a cruel picture of how businesses have been built. Cutting back on spending, rising inflation, the Russia-Ukraine war and economic uncertainty have been the dominating factors for the layoff saga across the sectors.
Denne historien er fra December 31, 2022-utgaven av Businessworld India.
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Denne historien er fra December 31, 2022-utgaven av Businessworld India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
