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No more 'burn, baby, burn': VCs expect more caution in 2020
The early-stage funding scene remains vibrant, but the exuberance may be toned down, VCs tell BT
Published Sun, Jan 12, 2020 · 09:50 PM
Singapore
THE South-east Asian startup party is far from over, but venture capital firms expect that the music may hit a note of caution, as investors emphasise business fundamentals over pure hype.
2019 brought a bumper crop of mega funding rounds in South-east Asia, particularly for regional unicorns such as Grab, Gojek and Bukalapak. The early-stage funding scene also remains vibrant, Michele Daoud, a partner at Monk's Hill Ventures, told The Business Times.
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