Best Ways for Startups to Get Seed Funding in India

Entrepreneurship is not a profession. It is a way of life.” The life of the entrepreneur is one of seeking and seizing opportunity. Entrepreneurs have historically been known as risk takers seeking to make their fortunes. Anyone can call himself an entrepreneur, or start his own business, but success requires knowledge, hard work, and determination.

Apart from these ingredients, at some point of his journey, an entrepreneur needs money to fuel his startup. But raising money is not easy so it is not for everyone. If you are a first time entrepreneur who is looking to understand the maze of Indian seed funding options then this article will help you reach there. No matter if you have raised a seed round already or you want to raise a sapling round or you want to get into an accelerator, you will still require funding to grow further.

The first step to hacking your seed round is identifying your investors and making a list. To make this easier, SiliconIndia has made a community for you to explore your options. The second step is to get introductions to them and talk about your company. The third step is to follow through, follow up and follow on.

There are 5 options for raising seed round in India, according to Mukund Mohan of Microsoft Accelerator:

  • Individual Influential Angels
  • Angel Network Champions
  • Seed Stage Institutional Investors
  • US Based Individual Angel Investors
  • IT Services Company CEOs

 

Source : silicon india

What is entrepreneurship and who are the entrepreneurs?

The capacity and willingness to develop, organise and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new startup businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace of world economy.