Startup funding during the crisis: What’s really going on? Funding rounds plummeted by 22% in March, valuations are dropping and founders are worried they won’t be able to raise their next round. Read more: https://bit.ly/3aYnqiD
Hotelmize – one of PhocusWire’s Hot 25 Startups for 2020 – is aiming to gain a foothold in Asia Pacific and to expand operations in the region following a new capital raise. Alibaba Hong Kong Entrepreneurs Fund and Brilliance Ventures are leading… Continue Reading →
2020 has certainly posed a new set of challenges for startups as businesses across most industries have taken an economic hit. Tech in Asia data shows that dealmaking in February this year is down 26% compared to the same month… Continue Reading →
In times of economic expansion and prosperity, raising capital for a startup is much easier. Investors feel encouraged to pump capital into nascent sectors because the prospect of higher returns is more attractive. However, the landscape changes when there’s a… Continue Reading →
Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not… Continue Reading →
Just three months after capping what was the best year for Indian startups, having raised a record $14. Read more: https://tcrn.ch/3bHy9hh
Dozens have laid off thousands, slashed costs and changed their businesses to try to survive the pandemic. All that may not work. Read more: https://nyti.ms/2JywnTA
HONG KONG — Chinese artificial intelligence startup SenseTime Group has deferred its plan for an up to $750 million initial public offering in Hong Kong this year and instead aims to tap private markets, people briefed on the plan said,… Continue Reading →
Last week Congress passed the CARES Act which provides a vast array of financial relief provisions to people and businesses in the US. Congress is providing relief to small businesses via a forgivable loan program administered by the Small Business… Continue Reading →
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