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The Times of India (New Delhi edition) - - Sunday Special -

in­vest­ments. But $Xm in mar­ket­ing spend from a happy VC just makes find­ing that fit harder.”

And there are exit im­pli­ca­tions too. If you are a com­pany heav­ily funded by cap­tive sources, public mar­kets will au­to­mat­i­cally be­come con­cerned, think­ing you haven’t come to the public mar­kets af­ter pass­ing through all the hoops — they as­sume you bought all your cus­tomers with money and the fund­ing was not demo­cratic.

2019 has been a year of hy­per­fund­ing of star­tups in In­dia. Huge

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