Seed-stage funding for startups to be toughGlobal FundraisingBy Profit Board
Indian startups have raised $8.4 billion between January 2020 and mid-November 2020 which is a 30 percent decline as compared to the funding raised by startups in 2019. In terms of the number of deals, startups registered a total of 765 deals between January and November 15, 2020, which is a 14.5 percent decline as compared to the previous year. In this scenario, seed-stage and early-stage startups will find it difficult to raise funds for some time, says an expert.
Early-stage investments saw a sharp uptick in the August-October period with 101 deals worth $323 million, compared to $180 million across 75 deals in May-July, according to data by Venture Intelligence. “We are seeing that there is enough dry powder in the market and investors are now investing the same in later-stage deals,” Alok Patnia, managing partner, ProfitBoard Ventures told Telangana Today.
Alok Patnia, our Managing Partner shares his opinion on this. Read the full article on: Telangana Today
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