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‘India to have 100 unicorns by 2025 despite covid impact’

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Covid-19 and the anti-fragility of Indian Startup Ecosystem, said there was a dip in overall funding by 50% during the lockdown, compared to pre-covid levels, while around 40% startups were negatively impacted.

It said 52% of Indian startups had struggled to raise additional funding after the covid-19 outbreak, while 15% were forced to discontinue operations.However, four Indian startups—Nykaa, Unacademy, Postman and Razorpay —emerged as unicorns while the pandemic was at its peak.

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