If you are an entrepreneur you are aware that funding is the most crucial aspect of a startup's success. It is all the more important for a tech startup due to the rapid scaling-up opportunities.
A startup requires funding for many reasons:
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to create a prototype
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develop products
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hiring team
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for working capital requirements
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legal services
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to purchase raw materials & equipment
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to get licenses and certifications
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marketing and sales and
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for office setup and administration expenses
There are many types of startup funding other than love funding from family and friends in the seed stage: working capital, equity financing, debt financing, and grants.
If you have a requirement for funding for your startup or want to get more clarity on funding, check with startupindia, which is an Indian government initiative to support startups.
