Mounting concerns over the challenges facing businesses in Asia, climbing interest rates and a cloudy economic outlook are overshadowing fundraising efforts by startups in the region. Rising geopolitical tensions have also dampened sentiment, prompting some investors to retreat from China. But where is the money going?
China's top VCs warn dollar fundraising will only get tighter
China-focused venture capital funds are finding it increasingly hard to raise money from Western investors due to growing geopolitical tensions and a lackluster recovery in Asia's biggest economy, some of the industry's top players are warning. Read more.
Sequoia's India arm says it is now free to make U.S. deals
The end of Sequoia's investing alliance in China has been blamed on political tensions between Washington and Beijing. But there has been considerable debate about why Sequoia would want to distance itself from India at a time when global firms such as Insight Partners, GSV Ventures, General Catalyst and Mary Meeker's Bond Capital have begun backing startups in the country. Read more.
ASEAN's VC 'funding winter' worsens on Grab, GoTo slowdown
Funding for Southeast Asian startups is headed for the worst half year since before the COVID pandemic, as venture capital investors scale back their valuations of fledgling companies. Read more.
Thailand aims to duplicate Singapore model for startups
Thailand is looking to develop its nascent startup industry by replicating Singaporean initiatives that have made the city-state a leading incubator for entrepreneurs. Read more.
India outstrips France and U.K. in market cap to take fourth spot
The overall value of stocks listed in India has eclipsed Britain and France to rank fourth globally, in terms of market capitalization, as international investors snap up shares to bet on growth in the world's most populous nation. Read more.
