Yes, many Indian startup companies are losing money.
According to Inc42's, 74% (55) of the 74 unicorns lost $5.9 billion collectively in FY22, nearly double their losses in FY21.
Due to excessive investments in expansion and market share, including marketing and client acquisition, Indian startups are losing money.
Furthermore, many Indian entrepreneurs operate in new and disruptive areas, where profitability can take time.
Despite financial constraints, the Indian startup ecosystem remains a vibrant global hub, raising $3.9 billion in funding in the first half of 2023.
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