India’s funding gap needs to be closed: Padmaja Ruparel

Finding the right funding at the right time has been a crucial contributor to the success of many startups. While investors both in India and globally agree that India has a budding but vibrant startup ecosystem, there are still some gaps in the funding landscape that companies are struggling with.

That’s the word coming in from Padmaja Ruparel, co-founder and president, Indian Angel Network (IAN). Speaking to Fortune India at the Most Powerful Women summit held in Mumbai, Ruparel said most companies sail through one round of funding where they manage to raise about Rs 3-4 crore. But it is the next round where startups face hurdles.