Southeast Asia worst hit as Q2 startup funding falls across Asia

Startup fundraising across Asia's key markets -- Southeast Asia, India, and greater China -- all fell in the second quarter of this year, compared with a year ago, according to DealStreetAsia data.

The weakness in the June quarter does not augur well for fundraising in 2023 as a whole. Data compiled by DealStreetAsia's Data Vantage show that in Southeast Asia and India, funding amassed in the entire first half of this year was less than that in the first quarter of 2022.