Start-ups: The Crash of 2023 | Nothing But The Truth, Ep 61

Till now the start-up sector has been the pride of India. India now has the third largest start-up eco-system in the world, next only to the US and China. It has as many as 108 Unicorns or those start-ups that have a valuation of more than one billion dollars. Again, this number is the third largest in the world. We have all become familiar with their names. Byjus, Meeshu, Oyo, Ola, Unacademy, Nyka, Swiggy’s, Zomato and Pharmeasy are just some examples.But, unfortunately, this success story is in deep trouble and many of these famed start-ups are experiencing a steep fall in valuations.So why did this sector lose its sheen? What caused the fall? And what can be done about it?In this episode of Nothing But The Truth, Editorial Director (Publishing) Raj Chengappa is joined by Tech Guru Kris Gopalakrishnan who explains why the valuation and funding of Indian start-ups have plummeted and what are his mantras for success.Listen in!Produced by Anna PriyadarshiniSound mix by Sachin Dwivedi