New-age consumer brands pulling in funds, tech no bar; and other top stories this week
Hi, this is Digbijay Mishra in Bengaluru. At the peak of the funding winter last year, an investor told me that the pace of investment deals will continue to be slow, but the nature of companies grabbing new cash will be different. The next obvious question was: what kind of companies? Consumer brands, the person said.Cut to March 2024, and the trend is now well established among tech-first venture capital funds increasingly backing brands selling products and services to a wide range of consumers. Sure, they're new-age…