Start-ups must have convincing abilities to raise capital: Gupta

Source: The Hitavada      Date: 08 Apr 2018 09:30:51


 

Business Bureau,

FOUNDERS of start-ups should gain basic knowledge of legal matters specially while negotiating with potential investors. Getting the deal done becomes equally important for both start-ups and investors specially when both want to build the organisation. Aggressive nature of lawyers and miscommunication can delay negotiations at the time of fund raising. Start-ups and investors must be focused on what will bring value.


“It is very important to get the deal done. Start-ups must have convincing abilities to raise funds,” said Devendra Gupta, Co-founder of Ecozen while speaking on the topic ‘Decoding essentials of Jugalbandi: Investor and Investee,’ at the TiEcon event organised by TiE Nagpur here in the city on Saturday.
Gupta shared how Ecozen was started by three techies while doing their internships at IIT, Kharagpur in 2012.
He also shared his success story of the organisation on how the start-up got funding from Omnivore in 2015 and scaled up to dizzy heights till 2018.


Shubhadeep Sanyal, Principal Founder of Omnivore was the other panelist and said that sometimes investors took risk in a new sector specially when there was no data. He shared his experiences on how investors negotiated with the start-ups and how passionate investors were when it came to funding the right company. R Ramakrishnan, Executive Member of TiE Nagpur was the moderator of the session.