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Startup Saturday | Episode 5: Part 2 – Funds for Startups

Gitanjali Diwakar | Updated on March 14, 2020 Published on March 14, 2020

Welcome to Startup Saturday. I am Gitanjali Diwakar. Today, we continue our discussion on funding strategies for startup enterprises.

In our previous episode of Startup Saturday, we learnt that it is important for startup enterprises to not only learn how to manage their funds but also how to choose between strategic investors and investors from their personal networks.

We also had the founder and CEO of Finovate Capital, Akshat Birla, speaking to us about certain critical aspects of funding for startups. These included the amount of funding that an startup enterprise would need to sustain itself.

This week we try to explore the world external funding for startup enterprises.

Most entrepreneurs are often clueless about how they should approach investors for funds.

Shailesh Gupta, who is the founder and CEO of Yolo Travel Tech Pvt Ltd, shares his views on what investors look for.

That was Shailesh Gupta, the founder and CEO of Yolo Travel Tech Pvt Ltd, sharing his views on what investors look for in startup companies.

The support of an investor is a relief to many entrepreneurs. But not many have lady luck by their side.

So, would it be wise for these entrepreneurs to continue Bootstrapping or using borrowed capital?

For those of who are wondering what Bootstrapping is, fear not. It means the businessperson will use his or her own savings to start the venture. He or she will have to rely on their luck and be willing to take a chance every day.

When asked about which would be a wiser choice, this is what Akshat Birla, the founder and CEO of Finovate capital had to say.

That was Akshat Birla, the founder and CEO of Finovate capital, sharing his thoughts on whether Bootstrapping was a wiser funding strategy compared to the using borrowed capital.

Tune in for more aspects about startup enterprises on our segment – Startup Saturday.

If you wish to share your thoughts, write to me at gitanjali.diwakar@thehindu.co.in

Published on March 14, 2020