In 50 Words: Southeast Asia startups see funding dip, Indonesia bucks trend

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In 50 Words: Southeast Asia startups see funding dip, Indonesia bucks trend

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Startups in Southeast Asia faced hurdles in Q3 2023, as funding fell to a five-year low of US$835 million, reflecting a 66% year-on-year drop, says Traxcn. Food and agritech, fintech, and life sciences were the most funded sectors.

Despite the regional drop, Indonesia enjoyed a 110% quarterly funding surge to US$448 million.

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