<ul><li>Zombie unicorns refer to startups that have achieved unicorn status but struggle to sustain themselves without continuous external funding.</li><li>India's startup ecosystem has seen a rise in zombie unicorns, which burn cash faster than they generate revenue and rely on repeated investor bailouts.</li><li>Reasons for the rise of zombie unicorns in India include overvaluation during the funding boom, weak unit economics, dependence on investor lifelines, and macroeconomic pressures.</li><li>The lesson for India's startup ecosystem is to prioritize profitability over valuation, exercise caution against unsustainable growth, and develop resilient business models that generate real revenue.</li></ul>

What are Zombie Unicorns? The dark side of Indian startups

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