‘No easy money’: India's startup boom is giving way to a painful slowdown
- Investors spooked by fears over corporate governance are stepping up scrutiny during due diligence efforts, which delays funding rounds
The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars.
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