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Chandu

Chandu Nair  | Answer  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Nov 27, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Asked by Anonymous - Nov 23, 2023Hindi
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Hi sir, I've appx. 20 years of experience in customer service, now I quit the job and started my own service business now I want to grow my business and want some funds to grow my business. Request you to please suggest how can we raise the funding. Thanks and regards, Rakesh Kumar,

Ans: Typical initial sources are family and friends, and depending on your credit worthiness, loans from banks and NBFCs. If the business/ offering is unique and differentiated and the team is solid, there are possibilities of angel investors / early stage funds who might consider it. There are also government grants and other startup schemes. Pl check if you qualify
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Harsh

Harsh Bharwani  |61 Answers  |Ask -

Entrepreneurship Expert - Answered on Oct 03, 2024

Asked by Anonymous - Jul 31, 2024Hindi
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Sir/Mam, I am planning to start Start up (Fintech). I have limited resources for my Fintech. Could you tell me from where I can raise fund for my Fintech.
Ans: Starting a fintech venture in India is an exciting opportunity, and I understand that securing funds can be a bit challenging, especially with limited resources. Firstly, consider bootstrapping, which starting by yourself with your own savings. It gives you full control over your business, and it can be a great way to show potential investors that you're committed.

If you're looking for outside funding, angel investors and venture capitalists can be valuable. Angel investors, like those from networks such as the Indian Angel Network or Chennai Angels, often invest in new startups in exchange for equity. Once your fintech shows some sign of growing well, then you might start thinking about reaching venture capitalists, so keep an eye out for firms that specialize in fintech, like Accel Partners or Nexus Venture Partners.

Don’t overlook government schemes either! The Startup India initiative has a lot of programs offering support for funding, mentorship, and even tax benefits. You might want to check out the Fund of Funds for Startups (FFS) for additional financial support.

Joining fintech accelerators can also be beneficial. Programs like Techstars or NASSCOM’s 10,000 Startups can provide not just funding but also mentorship and valuable networking opportunities. Even Platforms like Ketto or Wishberry can help you raise smaller amounts from a larger crowd or audience who believe in your idea.

Lastly, if you prefer traditional routes, consider bank loans. Some banks offer specific loans for startups, so having a solid business plan can go a long way in securing that.

It doesn't matter whichever path you go for the only things matters is to make sure your business plan clearly outlines your fintech’s potential and addresses a real need in the market. Good luck!

..Read more

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Nayagam P

Nayagam P P  |3796 Answers  |Ask -

Career Counsellor - Answered on Oct 03, 2024

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Sir I am btech - industrial biotechnology (4 years ) student. Now I'm in 3 rd year . My family financial situations didn't ain't me study msc or mtech or going abroad. So.. I'm planning to work hard for an year to get government job in my biotech field. However, biotech in india is just in it's initial stages . I didn't find good jobs in biotech industry for graduates and I even google many times about this concern. Could you please guide me ? What are best rated - government and private jobs in biotechnology field for biotech graduates ? I want each of jobs list If not any other alternatives ? What are the entrance exams I can appear for mtech pursuing at free of cost in India ? Is there any entrance exams to get a govt job in biotech field for graduates ? I'm bothered with many quests???????? I'm so... Worried about my career . Hope I'll get my answers from your team as soon as possible Thank you ????
Ans: Vamsidhar, please check Job Vacancies on LinkedIn. I hope you have your LinkedIn profile already. Try to appear for CUET for your PG Program. Getting free education for your PG might be difficult. However, you can try for scholarships provided by the Govt. of India which is subject to certain conditions, like your parents' salary should be less than 8.00 lacs/year, etc. Some of the Govt. Organizations' Websites you can check for jobs: Council of Scientific and Industrial Research (CSIR)
Indian Council of Medical Research (ICMR)
Department of Biotechnology (DBT)
Indian Council of Agricultural Research (ICAR)
Defence Research and Development Organisation (DRDO)
Bharat Immunologicals & Biologicals Corporation Ltd. (BIBCOL)
Hindustan Antibiotics Limited (HAL)
Indian Drugs and Pharmaceuticals Ltd. (IDPL)
National Agri-Food Biotechnology Institute (NABI)
Biotech Consortium India Limited (BCIL)
CSIR-UGC NET
GATE for Some PSUs
DBT JRF &
ICMR JRF.

Hope the above information is enough for you. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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Milind

Milind Vadjikar  |308 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 03, 2024

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