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PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

CFO News

According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

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Finance tech startup Bunker raises over $5M

CFO Dive

The funds will be invested toward product development, growing the company’s team and accelerating its “go-to-market strategy,” according to Bunker CEO Shivom Sinha.

Startups 211
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Safety net in works to widen local funding pool for startups

CFO News

Government is crafting a framework to enable pension funds and insurers to invest in startups, aiming to boost domestic capital. Efforts include redefining startup criteria, educating investors, and potentially expanding existing funding schemes.

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GM, Hyundai Invest In Self-Driving Tech Startup

PYMNTS

Some of the world’s largest car makers and auto industry investors are pumping tens of millions of dollars into a United Kingdom startup with an augmented reality (AR) head-up display system for drivers, The Wall Street Journal (WSJ) reported.

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MiB: Steve Case on AOL, Startups & Venture

Barry Ritholtz

This week, we speak with Steve Case , co-founder of America On-Line (AOL), founder of investment firm Revolution , Chair of the Smithsonian, and author of The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream. How to Invest: Masters on the Craft by David M. Steve Case’s current reading.

Startups 124
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Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic

PYMNTS

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. The additional investment brings the company’s total money raised to over $40 million.

Startups 100
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Startup CFOs focus on profitability amid funding winter, valuations to get more realistic

CFO News

The finance veterans highlighted that the funding winter for Indian startups will last at least for six to nine months more, and the investment crisis has normalised the valuation of startups.

Valuation 105