Following the acknowledgment of panelists at MET Srujan 2024 National Startup Conclave, the panel divided into two groups. Panel 1, moderated by Devesh Chawla, Director of Chatur Ideas, included industry leaders like Leenesh Singh, Rohit Tulsan, CA Manoj Ajmera, and Sudip Mondal.

Key insights emerged:

-Investors prioritize well-rounded, innovative teams with a larger purpose.
-Future-oriented strategies, unique selling propositions, scalability, and customer retention are favored over chasing trends.
-Founders play a crucial role, emphasizing balance in business.
-Banks assess product-market fit, competition, runway, and unit economics in proposals.
-Bootstrapping or fundraising depends on business nature.
-Valuation-based or profit-based models are chosen based on the company's stage and target market.
-Diverse funding avenues include family, friends, and private equity investors.
-Advice for entrepreneurs: clarity, execution focus, financial management, perseverance, and consistency.

In essence, the discussion highlighted the nuanced aspects of startup funding, emphasizing strategic planning, execution, and resilience for entrepreneurial success.

Tags: MET Institute of Post Graduate Diploma in Management