How hard is it to build a startup? Krutrim AI raised 50 million.
A common thought out there is - “VCs invest on person, not on idea”. Here the person has executed 2 startups, so you know why it was easy for him.
Gems_Bond
Stealth
8 months ago
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Everyone wants to bet on the winning horse. It's difficult to raise huge funds unless you have a really good & unique problem and having a startup background, IIT/IIM tag may help
Indusplateau
Stealth
8 months ago
That guy knows to raise capital, he doesn't know to run a comoany so he hires for the rest
For Krutrim it looks like a case of convertible debt converting to equity. The VC who invested is also the lender of an earlier debt given to Krutrim few months back. Building a startup is not very difficult, building the right product/solution which solves the actual need/problem of the masses is the challenge.
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