CB Insights: global fintech funding totaled $15B in Q1, up 55% QoQ, with Egypt-based MNT-Halan becoming the only unicorn, a first since the end of 2016
Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights' latest State of Fintech report.
A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation https://www.reuters.com/...
Reuters Analysis: Funding crunch worsens at Indian startups. Misjudged consumption growth, delayed IPOs & job losses. Now, more pain is in store. “This is a fundamental reset, not just another blip,” said a former India MD of Sequoia. By @followthemani https://www.reuters.com/...
Six investor sources and three startup founders told Reuters they expect the funding environment to worsen and many multi-billion-dollar firms to cut valuations within two years. https://www.reuters.com/...
Reuters Analysis: Once booming Indian startups set for more pain as funding crunch worsens. India startup funding fell 75% in Q1 this year, a bigger fall than US or China. It's not just because of Fed rate hikes. Is India's market size overestimated? https://www.reuters.com/...