Venture capital investors are turning cautious and that might mean tough times for Indian startups that have gotten used to easy and frequent doses of capital.
Investments into venture capital-backed companies in India dropped 75 percent in the April to June quarter, compared to the same period last year, according to KMPG International and CB Insights’ quarterly report ‘Venture Pulse’.
Investments fell to $583 million compared to $2.3 billion last year, due to a dearth of mega-rounds and “wary investors”, the report said. This is now the fourth straight quarter of decline. The number of funding deals also dropped to 111 from 146.
But it is not all gloomy for Indian entrepreneurs. The report asserts that the outlook remains optimistic thanks to increasing interest in online ventures in healthcare, financial services, consumer goods, and e-commerce businesses.
Another positive trend is that a new class of investors are emerging and showing interest in startups. Family houses and investment arms of Indian business giants are actively showing interest in the startup space adjacent to their core businesses, Prasad pointed out.
Opportunities for Indian Manufacturers in ASEAN
Indian exports largely mirror those of ASEAN states, such as rice, electrical equipment, and clothing and accessories. However, there are still sectors where Indian exporters can potentially exploit market needs – wheat exports, the digital economy, and healthcare.
The economic partnership between India and the Association of Southeast Asian Nations (ASEAN) has continued to strengthen since the economic relationship began in 1992 and with the ASEAN-India Free Trade Agreement (AIFTA) coming into effect in 2009.(more…)
India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access
Chief among India’s concerns is that Indian exporters have been denied a level playing field in the Southeast Asian market. Moreover, New Delhi believes that China has taken undue advantage of the ASEAN-India FTA (AIFTA) due to weak rules of origin.
The Bachelor Japan Season 4 showcases Thailand
Bangkok, 2 December, 2021 – The Tourism Authority of Thailand (TAT) is pleased to report that Thailand features as the...
ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021
An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Friendly ASEAN’, was moderated by the ASEAN Youth...
Thai Cabinet reverses CCSA relaxation of on-arrival Covid testing protocol
The Center for COVID-19 Situation Administration’s approval of the relaxed testing requirement has been overturned by the Cabinet in light...
Insights into the impact of COVID-19 on Thailand’s households
In April 2020, the Thai government passed a 1 trillion baht borrowing decree to address health needs, provide relief, and...
COVID-19 vaccine guide for travellers to Thailand
International travellers, including returning Thais and foreign residents, who are above 18 years of age should get fully vaccinated for...