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.