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
Add BT as a preferred source
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.
TRENDING NOW
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Singapore’s CapitaLand sheds 10% of China staff amid downturn
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
