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Consumer tech funding hit by market saturation

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pstrongThe value of e-commerce deals dropped to US$2.03b ($2.74b) in 2023./strong/p pVerticals in the consumer tech sector, e-commerce and fintech in particular, recorded funding declines last year, according to the Singapore Venture Funding Landscape 2023.

Consumer tech funding hit by market saturationVerticals in the consumer tech sector, e-commerce and fintech in particular, recorded funding declines last year, according to the Singapore Venture Funding Landscape 2023.

Based on the report, deal volume in the e-commerce vertical dwindled to 21 in 2023 from 61 in 2022, whilst its total funds raised dropped to US$2.03b .

 

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