No shortage of funds for good startups with strong business models: Kant
The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India's G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups with strong business models.
Speaking at 'Startup20 Shikhar' event, he advocated a multi-pronged approach of 'fund of funds', credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem.
Indian startups have successfully demonstrated the power of population-scale solutions at low cost, he said.
Kant said that there is no funding winter in startup space, and pointed to "spring" of capital availability for good startups.
The world is flushed with funds looking for well-structured good projects, he pointed out.
Kant spoke about the success of India's digital public infrastructure, biometric ID, digital payments, and the strength of its startup ecosystem, and added that the country has demonstrated the huge power of digital ...