Japan's SoftBank Investment Advisers and US-based JP Morgan hosted a meeting between large mutual fund houses and 10 unicorns, including Swiggy, and Unacademy, which are keen on going public within 3 years, sources said.
Funding in startups dropped by 17 per cent on quarter-on-quarter basis to $6 billion (about Rs 47,800 crore) in the April-June period, industry body Nasscom has said.
When asked about how long they can continue with the cash in hand based on the current monthly operating costs, 33 per cent said they have less than a month worth of cash, whereas 8 per cent said they are already out of cash