For startups one of the main concerns along with growth is getting funded. Apart from all the nitty-gritties of a startup, there are also government regulations and rules to be taken care of. This becomes quite a hindrance while raising funds and frustrates founders a great deal.
Ather Energy, an electric vehicle startup focused on designing high-speed electric two-wheelers for the Indian market, recently raised $1 Mn in funding from Flipkart founders, Sachin and Binny Bansal. There has been a lot of buzz of this funding, but this deal is also important because it set more than one important milestone in the funding of early stage startups in India. Unlike other startups, for Ather’s founders, the way they raised funding, the tension free and the smooth process they witnessed added much more joy to their fund raise.