Why are Indian Startups Failing?

Based on this Think School Video Report

In the past 2 years, the Indian start up ecosystem has seen an extraordinary rising in funding. All kinds of start up including EDTECH, Fin tech, MedTech have received millions of dollars in funding. In just 1 year of 2021 alone, the Indian start up ecosystem saw $41.4 billion dollars in funding and the rise of 42 new unicorns!
But as soon as 2022 started, suddenly, there was bad news from all directions, the losses of these companies have been piling up, mass lay offs have started with over 9,000 employees being laid off from reputed companies like Vedantu, Cars24 and Ola.
Fundings have slowed down and even highly funded companies are going out of business. How will this crazy start up crash affect the business eco-system of India? What are the lessons that we need learn from the start up bubble of India?