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2017 going to be an year of down-rounds: TinkBig’s Andrew Tan

Amid hopes of an active 2017 for venture capital firms in the region, Malaysia’s TinkBig Venture has cautioned that the next 12 months could see several startups doing down-rounds with valuations going down by about 40 per cent. TinkBig, a comparatively new venture capital firm that has invested about $2.4 million in eight companies, mostly consumer focused, is of the opinion that as many as 30 per cent startups could down shutters in the coming year.

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