Key Points
Catch up quick: ET reported on January 2 that SoftBank sold stakes worth $1.8-1.9 billion during public offerings and through post-listing sales in four Indian startups Paytm, Zomato, PB Fintech and Delhivery that went public in 2021 and 2022..
What AI can do to science, will be most interesting: Satya NadellaKarnataka signs MoUs worth Rs 22,000 crore with seven firmsMore CEOs fear their companies won't survive 10 years as AI and climate challenges grow, survey saysMicrosoft's Satya Nadella 'comfortable' with OpenAI non-profit despite Altman ouster..
The average number of years required for an India startup to turn a unicorn (valuation of $1 billion) dropped from 8.4 years in 2022 to 5.5 years in 2023, according to a report by Orios Venture Partners...
The findings: As per the report, titled Indian Tech Unicorn and Exits Report 2023, there were a total of 123 exits by startups during the year, including the likes of Mamaearth and Ideaforge - both of which went public - versus 229 in 2022...
A year of challenges: Amid a shift in funding dynamics Indian startups collectively secured $8.2 billion in funding in 2023, reflecting a 72% fall compared to the substantial $25 billion raised in 2022...
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