These 6 startups turned unicorns amidst the pandemic

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Despite the economic stress brought on by the lockdown, the future looks optimistic and eight startups are expected to join the unicorn club, by end 2020.MoreIndia is expected to have 100 unicorns by 2025, as per a report titled ‘Covid-19 and the anti-fragility of Indian Startup Ecosystem,’ jointly prepared by TiE-Delhi and global management and strategy consultant, Zinnov. The report also states that with startups recovering and job creation happening, both are expected to match up to and surpass pre-COVID numbers by end of 2020. Startups are expected to create around 7-7.5 lakh direct jobs and 26-28 lakh indirect jobs by the end of this year.There, however, has been a dip in overall funding by 50 per cent, as per the report.The pandemic-induced economic slowdown may have hit some sectors hard, resulting in job losses, pay cuts and businesses being shut down, however, the country has seen a gradual recovery since September. The good news is that 75 per cent of startups are seeing a recovery post lockdown.Further, despite the pandemic, a number of startups have managed to fight an inconducive environment to raise funds and join the unicorn (privately owned startups valued at USD 1 billion) club.India has the third-largest startup …

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