India: 50% unicorns set to be profitable by 2027, 20% to shut shop or pivot, says report

India: 50% unicorns set to be profitable by 2027, 20% to shut shop or pivot, says report

Photo by Annie Spratt on Unsplash

Amid changing investor expectations from ‘growth over profitability’ to ‘profitability at all costs’, Indian startups are hunkering down and slashing expenses, laying off employees, and diversifying revenue streams to fight the prolonged funding winter.

Edited by: Joymitra Rai