Late stage funding dries up for startups: Merisis.
Late-stage money for many startups in the country is drying up, with Series B and C funding down about 25-30 per cent over last year, according to investment banking firm Merisis Advisors.
New Delhi | Red Newswire | By PTI / ET Bureau | 20 Dec, 2015 11:14 PM IST. Investors are now instead looking at more early-stage (seed and Series A) investments."Many of the start-ups have a long gestation period and high burn rate. A shake-down has to happen and while fresh investments are coming in, they are fewer. Series B and C funding has come down about 25-30 per cent from last year," Merisis Advisors' co-founder Sumir Verma said. There are too many me-too start-ups in the market and unless there is something uniquely different, it is very difficult for start ups to raise capital, especially at late stages, he added.