India startups feel the pain of hyper-funding: too much money, too fast, and now 15 of them have shut down.
Mind-boggling amounts are going into Asian ventures – Norwest raises huge $1.3 fund amid new government-led startup capital while Meituan-Dianping pulls in $3.3 billion for market race dominance.
Google launches accelerator to invest in and boost mobile app startups from fast-growth India and Indonesia.
Amazon leads investment of $22 million in an Indian on-demand service for such chores as house cleaning. Bezos could invest as much as $5 billion in India.
Apps that bundle bus routes and rate attract sizeable venture capital in India and Southeast Asia.
India’s startups are getting a boost with record-high deals and more on the way as VC firms raise new funds.