Total investment from the region dropped to US$7.7 billion in 2019 from US$12 billion in 2018, according to a report from Cento Ventures.
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It also plans to use the new funds to enhance its payments platform and hire local talent.
The VC plans to invest in “high potential” startups that deliver products or solutions tailored for the region’s real estate sector.
Is it a concern or a positive sign for the ecosystem? Cento Ventures’ Dmitry Levit weighs in.