Start-ups and VCs are relying on investment banks for funding
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The funding environment amongst The rush to these I-banks is seen in deal of all sizes and statures, be it the initial Series-A deals worth $3-5 million or Series B or Series C worth $15 million and above. However, earlier, I-banks weren't approached for initial rounds of fundraising.
"In the last six months, there has been a 70% uptake in the number of approaches to us, in terms of both VCs and startups calling up," Nitin Bhatia, MD of US-based technology-focused midmarket bank
India has about 200 to 300 such
More and more people are rushing to I-banks because of the fact that more startups have come to realize the need to reach out to a more diverse set of investors, because of the high risk of deals not going through.
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Investors, on the other hand, are approaching these banks to seek help for getting next rounds of investment for the companies already in their portfolio.
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