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Bengaluru residents have been bundling up earlier than usual this year, as temperatures in the city dip unexpectedly ahead of the typical winter season. Minimum temperatures over the past few days touched 16°C, marking an unusually early onset of winter, typically expected in December. La Niña, characterized by cooler-than-normal Pacific Ocean surface temperatures, is playing a key role in this early chill, according to meteorologists. However, Bengalureans are having to carry their masks along with sweaters when they leave their homes. The colder weather is bringing more than a nip in the air — it’s impacting Bengaluru’s air quality. The city’s Air Quality Index (AQI) on November 25 was recorded at 116. As of today, areas such as Hebbal, Jayanagar and Silk Board have recorded air quality indexes over 100, according to the <keyword id="19920691" type="General" weightage="20" keywordseo="CPCB" source="keywords" meta.keywordsubtype="org" meta.entityname="CPCB" meta.hostid="261" meta.entityid="CPCB">CPCB</keyword>. While this moderate AQI is not nearly as damaging as the kind of air pollution in Delhi-NCR, it could still spell trouble for certain groups, such as children and individuals with respiratory issues. <h2>Why winters worsen the AQI </h2>The winter weather exacerbates the problem of air pollution due to a phenomenon known as thermal inversion. In colder months, a layer of warm air traps cooler air below, preventing the dispersion of pollutants from vehicles, industries, and construction activities. With high humidity and low wind speeds further stalling pollutant dispersal, particulate matter (PM2.5) levels rise, worsening respiratory health risks and reducing visibility. Adding to the woes are Bengaluru's ongoing challenges with vehicular emissions, construction dust, and industrial pollution, which remain major contributors to deteriorating air quality. While residents are advised to check AQI levels regularly and take precautions such as wearing masks or using air purifiers, there’s hope on the horizon. The city is expected to receive rainfall on November 26 and 27, which could help improve air quality by washing away pollutants. As Bengaluru adjusts to an unusually cold and challenging start to winter, these shifts highlight the need for sustainable urban planning and stricter emissions controls to balance its climatic allure with its air quality concerns.

Bengaluru welcomes winter early; decline in air quality expected

<ul><li>More <keyword id="4112095" type="General" weightage="20" keywordseo="Unicorn-startups" source="Orion">unicorn startups</keyword> are starting to turn a profit rather than just burning cash, with <keyword id="2749903" type="General" weightage="80" keywordseo="molbio-diagnostics" source="Orion">Molbio Diagnostics</keyword> topping the charts with a profit of $46.8 million. </li><li>The onset of funding winter has pushed more <keyword id="6362513" type="General" weightage="20" keywordseo="Startups" source="Orion">startups</keyword> to generate profits instead of just burning cash – 17% of 2022’s <keyword id="2023017" type="General" weightage="20" keywordseo="Unicorns" source="Orion">unicorns</keyword> are profitable, while the overall average for all unicorns till date stands at 15%. </li><li>The newly-minted unicorns of 2022 also account for over a third of the total net profit reported by all the 13 profitable unicorns. </li></ul>More unicorns are starting to turn a profit rather than just burning cash, according to a new report by startup and private companies’ tracker Tracxn. According to the report, four out of the 23 startups which turned unicorns in 2022 are profitable, which is a strike rate of over 17%. Overall, there are about 13 profitable unicorns in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, says Tracxn, based on their last financial reports. According to a<a href="https://www.businessinsider.in/business/startups/news/how-many-startups-turned-unicorns-in-2022-in-india-check-out-the-list/articleshow/96248261.cms"> report</a> by PwC, there were a total of 85 active startups in India at the end of 2022. This means only 15% of the total unicorn startups are profitable. The most profitable amongst these unicorns is Molbio Diagnostics, a company founded in 2012. It is a provider of nucleic acid tests for infectious diseases. With a net profit of $46.8 million, it accounted for over a quarter of the total profit reported by the 13 unicorns in the list. Molbio Diagnostics turned a unicorn in 2022. The three other startups which turned unicorns in 2022 and are also profitable are PhysicsWallah, Oxyzo and Amagi. PhysicsWallah is an app-based online tutoring platform, while Oxyzo is an online marketplace for business credit. Amagi is an ad-solutions provider based in Bengaluru. <div type="image" title="Profitable unicorn startups 2022." msid="97029975" hostid="261" sizebytes="18822" caption="&amp;lt;p&amp;gt;Four profitable unicorns out of the 2022 batch&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Funding winter forces startups to focus on profitability" comment="subhead" text="Funding winter forces startups to focus on profitability">Funding winter forces startups to focus on profitability</cmsannotation> With funding being key to startups’ survival, the onset of funding winter in the startup world in India and beyond has forced startups to focus on profitability. For instance, the four profitable unicorns of 2022 account for over a third of the total net profit reported by the 13 profitable unicorns of India. According to data from Tracxn, these four unicorns reported a cumulative net profit of $64.1 million, while all the 13 profitable unicorns have reported a cumulative net profit of $181.82 million. <div type="image" title="All profitable unicorn startups 2022." msid="97030066" hostid="261" sizebytes="18390" caption="&amp;lt;p&amp;gt;Profitable unicorn startups in India&amp;lt;/p&amp;gt;"></div> Overall, these 13 profitable unicorns are from diverse industries, including life sciences, edtech, fintech, retail, real estate and more. <cmsannotation type="cmsannotation" annotationid="Funding winter sets in India and beyond" comment="subhead" text="Funding winter sets in India and beyond">Funding winter sets in India and beyond</cmsannotation> Funding winter – wherein startup founders find it difficult to raise money – has set in not just in India, but other major economies like the US, UK and China, too. <div type="image" title="Startup deals and funding 2022." msid="97030104" hostid="261" sizebytes="15828" caption="&amp;lt;p&amp;gt;Startups deals and funding in India, China, USA and UK in 2022&amp;lt;/p&amp;gt;"></div> Of the four countries, India saw the second biggest decline in total funds raised in 2022 when compared to 2021. Indian startups raised $35.6 billion funds in 2022 when compared to $53.7 billion in 2021, which is a decline of 34%. China saw the biggest decline at 55%, according to the Tracxn report. On the other hand, the total deals in India declined 24%, the highest amongst the four countries. <cmsannotation type="cmsannotation" annotationid="Late-stage startup funding down 52% in 2022" comment="subhead" text="Late-stage startup funding down 52% in 2022">Late-stage startup funding down 52% in 2022</cmsannotation> Funds raised by late-stage startups witnessed a 52% decline in 2022, according to a PwC report. Reflecting the caution amongst investors when it comes to late-stage startups, the total number of deals also fell 18%, while the average ticket size per deal saw a decline of 40% in 2022. Late-stage startups refers to those startups which have products and services in the market and are well-known. Early-stage startups are those which have a prototype or a service that has been tested as scalable. Early-stage startups saw a 12% increase in funding to $2.8 billion in 2022 from $2.5 billion in 2021. The average ticket size per deal remained constant at $4 million in this period. Amongst the top five sectors, fintech, edtech and direct-to-consumer witnessed a decline in funding, while the software-as-a-service sector witnessed an increase in 2022, making it the most-funded sector, according to PwC. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/hiring-by-it-cos-down-96-in-q3-compared-to-preceding-7-quarters-even-as-attrition-cools/articleshow/97023873.cms">Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-results-q3-fy23-wipro-sees-fy23-revenue-guidance-between-11-5-12/articleshow/96969117.cms">Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations</a> <a href="https://www.businessinsider.in/business/corporates/news/hcl-tech-lowers-revenue-guidance-for-fy23-to-13-5-14-q3-revenue-and-profit-growth-beat-expectations/articleshow/96944379.cms">HCL Tech lowers revenue guidance for FY23 to 13.5-14%, Q3 revenue and profit growth beat expectations</a>

More unicorns focused on profitability now than just burning cash as funding winter sets in

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Bengaluru welcomes winter early; decline in air quality expected

BI India Bureau

More unicorns focused on profitability now than just burning cash as funding winter sets in

Rounak Jain

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