India's startup ecosystem boasts 113 unicorns, valued at over $350 Bn. However, pressure mounts as many struggle to justify their lofty valuations. 2023 witnessed a funding influx exceeding $10 Bn, yet only two new unicorns emerged Zepto and InCred marking the lowest count since 2017. Adjustments in valuations impacted major players like BYJU'S, Pharmeasy, and Meesho.