In India, it is easier to raise two million dollars than it is to raise $200,000.
As the country’s growth story attracts more interest globally, the number of funds and the amount of growth capital available to private companies here is unprecedented.
But there are only a handful of professionally managed, genuine early stage venture capital funds - those targeting pre-revenue, unproven businesses - in India with an aggregate of about $150 million or so under management.
Organized angel investing (an affluent individual who provides investment for a startup) is a very recent phenomenon too, with a handful of companies earning only about $8 million in the last few years.
To read the full, original article click on this link: The Case for Early Stage Funds - India Chief Mentor - WSJ
Author: Sanjay Anandaram
