The number of workers in unicorn startups of India reduced by about 6,700 between August 2023 and the same month this year, with layoffs being part of the reason for the decline, according to an analysis by PrivateCircle Research.
Overall, 116 Indian unicorns employed 410,829 people in August this year as against 417,561 in the same month of 2023.
Across the major startup hubs, Delhi-NCR (NCR is National Capital Region) saw the maximum addition in number in the period concerned.
Some of the mass recruiters in Delhi-NCR included PolicyBazaar, Blinkit, and Zomato.
PrivateCircle has clubbed startups from the NCR under "Delhi" and Thane unicorns have come within the "Mumbai" region.
The second-highest employee addition was recorded by Chennai-based unicorns, followed by Bengaluru.
In contrast, Mumbai unicorns saw a net decrease of 7,024 employees.
Pune and Hyderabad have also recorded a decline.
This story is from the December 21, 2024 edition of Business Standard.
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This story is from the December 21, 2024 edition of Business Standard.
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