Over 50K startup employees stare at job loss as India prepares for 200 unicorns
As companies in India continue to lay off employees to navigate the ‘funding winter,’ with over 60,000 expected to lose their employment in 2022 alone, the country is gearing up to welcome 200 unicorns in the next four years. As hundreds more face layoffs, led by edtech and e-commerce platforms, the ‘ASK Private Wealth Hurun India Future Unicorn Index 2022’ list shows that almost 122 businesses from 25 cities are on the route to becoming unicorns. The irony is that while funding still flows in the Indian startup ecosystem, the…