Indian start-up favour growth over profitability
February 19, 2021
Over two-third of founders who tried to raise funds last year has a great experience, although it was lower than 2019 due to the corona virus pandemic. Most founders believe that fundraising ecosystem will be optimistic this year.
Aman Gupta, co-founder and CMO, boat said, “Funding ecosystem is very strong for organizations that are addressing the huge markets and building sustainable business through innovation in the brand, product and distribution”.
The fund, in its Start-up Outlook Report 2021 shared with ET, found that there was a continued bias in favour of growth against profitability as area of focus in this year. Of the 100 start-ups that were surveyed majority were in the early & growth stage.
Despite the harm caused by the pandemic and the strict lockdown, there was strong demand for grocery after a few months of covid-19 induced problems. The fund has supported start-ups such as Swiggy, boat, Licious, Myntra, Blackbuck, BharatPe, Pepperfry, Rebel foods, and Zetwerk.