Funding winter looms large over startup sector; triggers layoffs
According to PricewaterhouseCoopers India, startup funding in the country fell from $18.3 billion to $3.8 billion in 2023. Statistics show that in the first six months of this year, as many as 17,000 employees have been handed pink slips by start-up founders.
Mobile gaming platform, Mobile Premier League (MPL), fired 350 people on Tuesday. Photo: MPL Twitter