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6 ways to raise funds for startups

Finance is an essential component for the efficient operation of the business. If you donu2019t have sufficient funds with you, then you have to take help from outside. For example, you can get financial support for your startups through Project Funding Services in Ahmedabad. <br><br>At AGIL, we provide the Best Loan Services in Ahmedabad. We aim to provide loan services with minimum documentation, maximum flexibility, and fast disbursal.<br><br>Contact us at info1@agil.co.in or visit us at https://agil.co.in/ to get more details about our services.

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6 ways to raise funds for startups

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  1. Introduction Do you have any innovative ideas? Do you have any desire to set up your own business? And do you have a full-proof business plan? If your answers to the questions mentioned above are optimistic. And you are affirmed to kick off your startup, then my friend, you have chosen a wise time. Because the glory of the startup is at its peak in India. But there is a displeasing truth behind this rosy picture of startups. And The truth is that 90% of Indian startups shut down within the first five years of their establishment.

  2. The lack of funds is one of the main reasons behind the failure of startups. Finance is an essential component for the efficient operation of the business. If you don’t have sufficient funds with you, then you have to take help from outside. For example, you can get financial support for your startups through Project Funding Services in Ahmedabad. So, let’s learn about more ways to raise funds for startups.

  3. How to raise funds for startups? 1. Self-finance 2. Angel Investors 3. Crowdfunding 4. Venture Capital 5. Raise funds under Government schemes 6. Avail loan from Microfinance Institutions(MFIs) or Non-Banking Financial Companies(NBFCs)Conclusion

  4. 1. Self-finance Using your own money to finance your business is called self-finance. Investing your money in your business is the best option for a naive entrepreneur. You can even use the money you got from your friends, family, or as a personal loan for self-financing. Self-finance will help your business to gain reliability and stability. It will also increase the chances of getting more funds from banks, venture capitalists, and government entities.

  5. 2. Angel Investors Angel investors are individuals with surplus money. They are willing to invest their surplus funds in emerging startups. In return for their investment, they demand an equity stake in the business. Angel investors sometimes work in groups and collectively study and invest in the business proposal. Angel investors religiously believe in the principle of high-risk, high returns. They only wish to invest in startups with potentially high growth rates. They also provide expert mentoring to ensure the success of the startups.

  6. 3. Crowdfunding Crowdfunding includes more than one investor. It is a modern concept to raise funds for startups through social media platforms. Here investors don’t know you, but they have faith in your business plan and believe that it will certainly be successful. So, to get crowdfunding, you need to have a solid, innovative business plan to ensure your investors a profitable return in the future. Kickstarter, Ketto, Milaap, Wishberry, and GoFundMe are India's famous crowdfunding platforms.

  7. 4. Venture Capital Some of the best ideas to raise funds for your startup is venture capital. To get capital you need to visit the venture capital firm with your business proposal. Venture capital is a fund managed by professionals. And professionals like to invest their funds in a startup, which will achieve a high growth rate. A venture capital firm will demand equity in your business to ensure a high rate of returns on its investment.

  8. 5. Raise funds under Government schemes The government of India and the State Government has initiated many finance schemes to promote and support the startups. MUDRA loan scheme, Startup India, Credit Guarantee Fund Trust for Micro and Small Industries, Atal Innovation Mission, and Make in India are a few examples of Government startup support schemes. To get benefits from these loan schemes, you have to submit your business plan to get approval from the grant committee.

  9. 5. Avail loan from Microfinance Institutions (MFIs) or Non-Banking Financial Companies(NBFCs) Taking a loan from Microfinance Institutions or Non-Banking finance companies is an excellent option for people who have never taken a loan before and don’t have a credit history of maintaining a credit score. MFIs and NBFCs are set to provide funds to small and micro startups. MFIs and NBFCs grant business loans to startups that didn’t get a loan from public/private banks due to their poor credit history.

  10. Conclusion We sincerely hope that the information we have provided you in this blog will be a great help for you to raise funds for your startups. And If you are naive in entrepreneurship and looking for a splendid option to get finance, then AGIL Finance is the best loan agency in ahmedabad. At AGIL, we provide the Best Loan Services in Ahmedabad. We aim to provide loan services with minimum documentation, maximum flexibility, and fast disbursal. Contact us at info1@agil.co.in to get more details about our services.

  11. customerservice@agil.co.in https://agil.co.in/ For any financial assistance, connect our experts Agil agilletsrisetogether

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