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startups: Indian startup founders still favour growth over profitability

Mumbai: Over two-thirds of founders who tried to raise capital last year had a favourable experience, although it was lower than in 2019 due to the Covid-19 pandemic, a survey by InnoVen Capital showed.

Most founders (71%) also believe that the fundraising environment will be upbeat in 2021, according to the survey of about 100 startup leaders by the venture debt fund.

“Funding environment is very strong particularly for companies that are addressing large markets and building sustainable businesses through innovation in brand, product and distribution,” said Aman Gupta, co-founder and CMO, boat, the headphones and earphones maker.

The fund, in its Startup Outlook Report 2021 shared exclusively with ET, found that there was a…

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