Due to Corona, funding to startups also has got impacted. It’s not that investors don’t want to invest, but they’re not able to move and meet and due to uncertainty, it actually has come to a situation of hold, says Anil Joshi, Managing Partner, Unicorn India Ventures. Investors want to invest, but the current situation doesn’t allow them to invest as they want to ensure certain checkpoints before writing a cheque.
Post lockdown, the funding will probably get into pace but it will not be the same as it was during pre-corona.Therefore, founders need to be very careful planning their fundraising activities, Says Anil Joshi.
Be flexible. Don’t get stuck on numbers or valuation or size of cheque. I think it’s important to plan for the next 14-15 months so that you are able to pass through this uncertain phase. Only look for money which allows you to pass this survival phase without impacting much on business as well as your team. Keep all your potential investors updated about the development.
