BENGALURU : India’s unicorn club witnessed several highs and lows in 2019, even as investors remained cautious across the tech startup segment. According to at least four startup investors that Mint spoke with the only possible exit routes for unicorn investors in the near term is via secondary exit routes. Nevertheless, with fund inflow into tech startups continuing at a brisk pace, startup hiring will not take hit in 2020. Financial outlookA Mint analysis of the top 16 tech unicorns paints a worrying picture when it comes to their financial health. Total expenses across the 16 tech unicorns swelled by 77% YoY in FY19 totaling to around ₹39,492 crore, compared to ₹22,314.81 crore in FY18.

Source: Mint January 01, 2020 12:22 UTC