🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

The next billionaire

Stealth • 1m

My Experience with VCs of India as a deep-tech founder. Day 3: Artha Venture Fund My next experience is with Artha Venture Fund, they're a big VC firm with a good history and have backed quite a good number of startups. We had been hearing about Artha and had known that they had put in a good number of deep-tech startups including the likes of Agnikul and some other space tech startups. So we reached out to them in a positive note. We reached out to one of the member using Linkedin, and she asked us to send a deck on the mail and someone from the team will reach out (Pretty standard) After almost a month of back and forth between different members (they all pushed around saying someone will reach out) we got a mail/ response from one of the members that they would like to jump on a quick call, and a normal call not a Gmeet or Zoom call, he said he had went through the deck and asked us some basic questions about the startup. After 15 minutes of discussion he said they they dont invest in Pre-Revenue startups and hence cannot go forward, which is absolutely fine as they have a filter to invest. However, we knew that they had recently invested in a startup which was pre-revenue in the space tech sector, we knew it was pre-revenue because we knew the founders. Which was a surprise to us, as they said they don't invest in pre-revenue startups, after a month or so we got to know from someone in their team, that the startup's founder was a nephew of one of the investment associates at Artha. Which makes me come down to the second point of this entire VC deal, this is a closed circle like bollywood, people who know each other pretty much fund each other, and getting into is a hard obstacle for an outsider. Thank you! P.S: This is not my personal experience. I’m just bringing these experiences for the people of Medial to make this platform better for us.

16 replies30 likes
15
Replies (16)

dipto bhattacharyya

Stealth • 1m

We actually require to build closed economy models to succeed. For example, a self sustaining artificial nature mimic micro-village ecosystem with land and water agriculture and waste management connected to product development and tourism and stay. Trusted people in this model will know that they shall not be left out and be allowed to pursue their dreams. When this closed model is replicated in different zones and connected, maximum people will get employment and will never have to run behind money accumulator policies. Sustenance will lead to better trust. But building trust will eventually or at the starting so as to say, is quite impossible. A holistic view where stars are less and mental satisfaction that everyone sustains through healthy competition is revealing.

0 replies1 like
1

More like this

Recommendations from Medial

Image Description

Santhosh Gandhi

Stealth • 9m

Venture Studio vs Pre-Seed VCs Venture Studios and Pre-Seed VCs have different approaches. While Pre-Seed VCs invest in existing businesses with potential in a very early stage, Venture Studios creates new startups from scratch, providing operation

See More
3 replies7 likes
1
Image Description

Mehul Fanawala

 • 

The Clueless Company • 5m

Prisha and Dishani were discussing startups. Dishani asked, Why do some startups fail, while others succeed? Prisha replied, It depends on various factors. Let me share a small story. Prisha continued, There were two startups. Both had a great pro

See More
1 replies14 likes
2
Image Description
Image Description

CHETAN SHARMA

Stealth • 8m

I wonder why startups don't always recognize the efforts of newcomers, despite the time, money, and hard work they invest. I've had a similar negative experience in my first job.🎭

12 replies12 likes
Image Description
Image Description

Harsh Khatavani

Stealth • 6m

Indian youngsters mindset now shifted to build startups and businesses. Many think that startups are first options instead of doing corporate jobs, they spend a couple of years building startups. We know the success percentage of startups is very lo

See More
23 replies44 likes
3
Image Description
Image Description

Srivatsan Sreedaran

 • 

Boeing • 9m

Will they start a trend of pre-wedding Aniversary??

2 replies11 likes
Image Description
Image Description

Adithya Pappala

Stealth • 9m

As part of Investors yaatra, I am in Bangalore at present... And I had a golden chance to meet the few Investors at DSH.. It was a great session & we pitched our portfolio of Startups to early stage startup Investors. Few of our startups will have

See More
10 replies7 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 6m

I knew this would happen, edtechs had to open offline colleges as they make tons of profits and sense 🤣 soon Unacademy, Physicwallah everyone will open their own campuses! Mark my words.

3 replies4 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 6m

How to find early stage startups as a software engineer Hi all, I've been part of a few startups as a web developer oyer the past few years. Most of them had about 20 employees when I joined and had just finished raising an alpha round of capital. I

See More
5 replies7 likes
Image Description

Santhosh Gandhi

Stealth • 8m

Some India-Based Venture Studios! - NOW Venture Studio - Ellenox - Krystal Ventures Studio - T9L Qube - Prototyze - Meraki Labs - LiveInTech Venture Studio - build3 Venture Studio vs Pre-Seed VCs Venture Studios and Pre-Seed VCs have

See More
2 replies6 likes
Image Description
Image Description

Pritesh Makani

Stealth • 8m

I'm intrigued by how pre-revenue startups manage to achieve significant growth, especially in sectors like community driven apps (such as Medial, kutumb) during their initial phases, without relying on funding or revenue streams right from the start?

See More
2 replies3 likes

Download the medial app to read full posts, comements and news.