Saturday, July 1, 2023

Tracxn: Indian startups raised $5.46B in H1 2023 down from $17.1B in H1 2022 and $13.4B in H1 2021; Tiger Global made just one deal while SoftBank made none (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Tracxn: Indian startups raised $5.46B in H1 2023, down from $17.1B in H1 2022 and $13.4B in H1 2021; Tiger Global made just one deal while SoftBank made none  —  Several high-flying Indian startups, including Byju's, Swiggy and PharmEasy, have experienced a dramatic downward adjustment in their valuations



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