Romanian CEOs are more confident about their nationaleconomy than the global economy. 62% expect a local slowdown and 75% anticipating a global decline. 73% of business executives expect the world economy to fall.
Indian startup funding in third or September quarter of the current year hit a two-year low of $2.7 billion. Early-stage deals accounted for 70% of total funding in the third quarter compared to 60% in the previous period. SaaS and edtech witnessed the highest number of M&A transactions in India.
The government-owned ARC has hired EY, PwC, Alvarez and Marsal as consultants to conduct due diligence. A third list will shortly be issued, comprising the twin Srei companies, a few Future Group companies and VOVL.
The total funding in the Indian startup ecosystem fell by 40 per cent during Q2 CY22 to reach USD 6.8 billion. Early-stage deals comprised more than 60 per cent of the total with an average ticket size of USD 5 million. Software as a Service (SaaS) and fintech had the highest share of funding totalling more than USD 3.1 billion.
