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unicorn ecosystem

The recent challenges being faced by India’s two hottest startups, ed-tech firm Byju’s and fintech company Paytm have shaken the core of the country’s technology sector. In the latest, Paytm founder Vijay Shekhar Sharma resigned as part-time, non-executive Chairman of Paytm Payments Bank Limited. The unexpected step came ahead of the March 15 deadline to wind down its business. Described as the symbols of India’s rapidly emerging unicorn ecosystem, the apparent downfall of the multi-billion dollar companies has left a starking scar on startup sectors.

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Woes Denting India’s Startups, Weakening Investors’ Confidence in Tech Companies?

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