Startups turn to convertible notes to protect valuation
Financial Express Mumbai|February 10, 2023
$120 MN CAME VIA HYBRID ROUTE IN CY22 VS $2.5 MN IN CY21
SALMAN SH
Startups turn to convertible notes to protect valuation

EVEN AS STARTUP funding fell by a whopping 33% in 2022, the value of convertible notes written by venture capital investors to both early and late-stage startups rose to $120 million from just $2.5 million in 2021, data from private investment tracking platform Tracxn showed.

Among the companies that raised money via convertible notes include Udaan, StrideOne, LemmeBe, Clensta and echargeup. Some of the most active investors who wrote convertible notes in the last two years include names like Microsoft, Lightspeed Venture Partners, Nomura, Beenext, Prime Venture Partners, Stellaris Venture Partners, Brand Capital and SBI.

هذه القصة مأخوذة من طبعة February 10, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 10, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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