The Indian tech start-up ecosystem is feeling the effects of a global slowdown. The downturn in valuation multiples of listed technology companies is a clear indication of the same. The potential unicorn club, which is more diversified in terms of industries, business strategies, clients, and regions served, expanded at a similar pace in 2022 as it did in 2021. The pool is a sign of the ecosystem’s depth and sustained investor interest in technology start-ups. The potential unicorn club now has 170+ members, with 60 added this year, showcasing the scaling potential of Indian start-ups even in dynamic market sentiments.
Tech Start-Ups in 2022: A Global Slowdown
