Mukesh Bansal, co-founder of Cult.fit, an online fitness startup in which Tata Group recently invested, has been made a key member of the fundraising team.
Southeast Asian startups raised a total of USD 8.2 billion in 2020, down 7% from USD 8.79 billion in 2019, with 80% of the exits being mergers or acquisitions.
The total wealth held by Indian ultra-high net worth individuals will also grow to over USD 700 billion by 2024, as compared to USD 440 billion in 2019.