Even in these turbulent times, it is possible to obtain quality venture funding provided you understand the process clearly and are fully prepared. However, most entrepreneurs often are not upto the challenge, the process being a first for them. This article (first in a series) is writ
Analysts and industry experts are unanimous in their opinion that it was not market conditions but lack of a strong business model and cost control that was behind the downfall of many a new venture in the recent past.
It is a trend that is closely watched by promoters – investors, investment bankers – promoters, financial – institution – investors, management consultancies – mentors, consortiums and entrepreneurs etc.
Chennai-based Benchmark Softech has received Rs.4 crores in funding from SIDBI Venture Capital to expand its offshore development centre in Chennai and marketing operations in the US and UK
Alopa Networks raises a total of US$17 million in its interim round of fund
Entrepreneurs need drive, enthusiasm, instinct, good business plan etc but these factors in themselves are not enough for an enterprise to succeed. The biggest ingredient in this cauldron is incentive.
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