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A lot can change in 12 years. When I first joined TechCrunch in 2012, I was the only writer it had based out of Asia. For several years, it often felt A lot can change in 12 years. When I first joined TechCrunch in 2012, I was the only one covering Asia. For several years, it often felt like I was writing to correct misperceptions I frequently saw in my articles' comments or on Twitter.
These include financing for small businesses that don’t involve interest (which is prohibited by shariah law), online payment gateways that avoid non-compliant transactions like purchases of alcohol, tobacco and pork, and saving accounts for pilgrimages to Mecca. “Indian consumers’ willingness to dig deeper into their wallets has major implications for startups operating across nearly every category, allowing firms to improve their profit margins without compromising on quality,” Manish noted. A recent report by PwC and the Taiwan Institute of Economic Research found that the majority, or 77.3%, of funding happens at angel and seed stages, with rest stretched out between growth-stage rounds.
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