While the Indian startup ecosystem is going through a funding slowdown and large enterprises are having their valuations slashed, global investment giant Sequoia Capital is betting big on early-stage startups in the country.
At a time when funding for early-stage startups fell almost 68 per cent YoY in the first quarter of this year to $844 million, Anandamoy Roychowdhary, Surge Partner, Sequoia Southeast Asia, says It’s "business as usual" for the investment giant’s early-stage portfolio companies.
Sequoia, he revealed, remains bullish on the early-stage segment, especially in sectors like artificial intelligence, deep tech and semiconductors.
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