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'Unicorns' may be mauled by bear market

The herd may be thinned as the cash-hungry startups are likely to face a harder time getting fresh capital amid prospects of a bear market

Some Asian bourses are in "bear" territory, with a drop of 20 per cent or more from their peaks, and the tech-heavy Nasdaq has neared that level.


AFTER a year in which free-flowing capital fuelled unprecedented growth in so-called tech "unicorns", the sector is bracing for a slowdown which could thin the herd.

Unicorns - a term coined for the usually rare billion-dollar, privately funded startups - have been...