Global warming. Funding winter. El nino. The weather is truly inclement all around. But thats no reason for venture capitalists, who have raised record moolah over the past year, to cling to their capital instead of putting it to work, causing a drop in investments in the first half of 2023. This and more in todays ETtech Morning Dispatch.
Prominent investors focused on India, which have typically backed portfolios in growth and late-stage rounds, have moved downstream towards funding early stage (including seed to Series A) companies amid increasing uncertainties caused by global macroeconomic headwinds.
Seed-stage, India-focused VC firm Good Capital on Friday announced a new $50 million fund to back founders who are leveraging AI for distribution, personalisation or business operations.Good Capital said it is deploying the fund with target .