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Report: Indian startups raised $2 Bn amid shutdowns, mass layoffs in Sep quarter

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The third quarter of 2023 was distinctive for Indian startups for multiple reasons. We saw the first unicorn of the year, July and August saw the lowest funding in the past three years, and layoffs and shutdowns broke all previous records. Let’s begin with the fundraising trend first. Data compiled by TheKredible shows that Indian …

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