The pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: BloombergThe pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: Bloomberg
The pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: Bloomberg

India tops China in fintech funding in first quarter as pandemic, US trade war prolong ‘capital winter’

  • In terms of deal volume, India recorded 37 investments versus China’s 26 deals in the March quarter
  • Investments targeting China’s tech-based industries saw a 31.3 per cent decline in value in the first quarter
Topic |   Venture capital market
The pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: BloombergThe pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: Bloomberg
The pandemic dealt the venture capital sector a fresh blow as funders halted new deals because they were unable to do due diligence on site, and start-ups implemented lay-offs and job suspensions as funding dried up. Photo: Bloomberg
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