Sunday, January 1, 2023

A look at the impact of the funding crunch on India's tech startups, which raised $24.7B from January to November 2022, down 35% YoY, per data provider Tracxn (Chloe Cornish/Financial Times)

Chloe Cornish / Financial Times:
A look at the impact of the funding crunch on India's tech startups, which raised $24.7B from January to November 2022, down 35% YoY, per data provider Tracxn  —  Funding crunch has triggered mass job cuts of up to 25,000 at country's once-thriving tech companies



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...