India's unicorns raise $8.5b in first half of 2022, down 16% YoY, as investors turn jittery

India’s startup unicorns, often touted as drivers of economic growth because of their ability to create jobs, amassed $8.5 billion from private equity (PE) and venture capital (VC) investors in the first six months of this year — a 16% decline from $10.1 billion raised in the same period of 2021.