After the Covid pandemic, India has experienced a significant surge in the number of unicorns, many of which have plans to launch their initial public offerings (IPOs) in the next few years. These Indian unicorns are estimated at over $350 billion in valuation. However, the last few months have witnessed a funding winter.
Mumbai: Startups are pivoting from cash bonuses to stock options and other long-term incentives to retain talent as they look to extend their runway amid a tight fundraising market