India unicorn fundraising dropped 76% in January-June 2023

Total of $1.86bn was amassed from private equity and venture capital investors

20230818 India daily life

Mumbai's Churchgate Station. Tightfisted investors are taking longer to close deals in India and displaying caution in leading investment rounds. © Reuters

PRAMUGDHA MAMGAIN, DealStreetAsia

NEW DELHI -- India's unicorns, which have been playing an outsize role in economic growth because of their ability to drive innovation and create jobs, amassed $1.86 billion from private equity and venture capital investors in the first six months of this year, according to the proprietary data compiled by DealStreetAsia.

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