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Why VCs are still backing startups in India, southeast Asia, despite growth stocks crashing

By Lee Kah WhyeSingapore, June 6 (ANI): The last few months have not been good for startups and their venture capital (VC) backers.
Growth stocks like Southeast Asia’s largest ride-hailing and food delivery company Grab, ecommerce giant Sea Limited, Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market.
Grab and Sea Lim