Start-up investments came in at $1.3 billion in October, more than double that of the year-ago period when the industry was passing through a funding winter
The report noted that the start-up sector is facing ongoing challenges, and investments in start-ups for this year are at the lowest level in seven years
Investors are pulling out all stops to ensure that their portfolio start-ups utilise the capital to its fullest potential while practising fiscal responsibility to avoid excessive burn rates
