According to PrivateCircle Research, the number of employees at India's unicorn startups decreased by 1.7% from August 2023 to August 2024, totaling approximately 410,000 employees. This decline, which equates to about 6,700 jobs lost, is attributed to layoffs and restructuring within the sector. Notably, Delhi was the leading city for new hires, driven by companies like Zomato and Policybazaar, while Chennai outpaced Bangalore in employment growth. Conversely, Mumbai experienced the highest job losses. The report also highlights that over 15% of India's high-net-worth individuals (HNWIs) are under 30, largely influenced by the growth of startup unicorns and IPOs, with 20% of millionaires being under 40. In 2024, India's tech startup ecosystem attracted $11.3 billion in funding, with six new unicorns emerging, and Bengaluru, Mumbai, and Gurugram ranking as the top three cities for funding.