Is India’s unicorn boom losing steam? Creation falls to single digits as 10 startups lose billion

Startups August 20, 2026 10:00 AM

India’s startup ecosystem has created 102 unicorns since 2020, but 10 of them have since moved out of the billion-dollar club, highlighting the sharp valuation reset that has followed the funding frenzy of 2020-22. Of the 102 companies that achieved unicorn status by August 14, 2026, 27 are no longer classified as unicorns, according to data from Tracxn.

Is India’s unicorn boom losing steam? Creation falls to single digits as 10 startups lose billion

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