After a buoyant 2018, late-stage fundraising for start-ups could be hit this year in the wake of a 20-30 per cent fall in valuation of tech stocks and investor concerns over the planned Uber IPO. Nearly half the start-up founders (46 per cent) surveyed felt that fundraising will be difficult this year, reveals a survey by Temasek-backed venture debt firm Innoven Capital.
It reached out to 100 start-ups that had raised money from angel investors and venture capital (VC) funds. “There are three-four things playing out that could make fund-raising more challenging this year, especially during late-stage funding,” said Ashish Sharma,