Early-stage investors targeting Southeast Asia say the region has largely managed to beat the global funding winter.
“We don’t actually see a winter though we expected a winter. What’s actually happening is the valuation has come off. There was a lot of money chasing a lot of founders but now that same money is chasing fewer founders,” said Anup Jain, managing partner at the India-headquartered Orios Venture Partners.
Jain was speaking at a panel discussion titled “Are early-stage deals still hot amid funding winter?” at the Asia PE-VC Summit 2022 organised by DealStreetAsia in September. Orios’s early-stage deals in the first half of 2022 have actually increased, he added.
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Other panelists who joined him in the chat included Avina Sugiarto, Partner, East Ventures; Khailee Ng, Managing Partner, 500 Global; and Jennifer Ho, Partner, Integra Partners.