News Roundup: India's Unicorn Club Grows With Six New Entrants In April, & More
India, April 10 -- Most Indian tech startups are yet to turn a profit. Each year sees a lot of them multiply their losses, despite very little gains in revenue. Most of all, one could argue that a lot of these nascent firms are yet to close in on a core product, and are still experimenting with their offerings for users.
However, these potential drawbacks of the Indian startup ecosystem are offset by investors reposing their faith in what the future holds for these companies. Hence, Indian startups and their towering valuations continue to make news. This week, six Indian startups entered the unicorn club (valuation of $1 Bn) after their respective funding rounds. These were fintech and ecommerce platform CRED, social commerce startup Me...
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