Tech startups from India managed to raise as much as $14 billion last year, says a report, but concern is being expressed over the financial performance of some of them.
As Indian startups raise record capital, losses are widening – TechCrunch
Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year. This is a major rebound since 2016, when startups in the nation had bagged just $4.3 billion.
But even as more VC funds — many with bigger checks — arrive in India, the financial performance of startups remains a cause for concern.
Link: https://techcrunch.com/2020/01/03/as-indian-startups-raise-record-capital-losses-are-widening/
via: TechCrunch
