In January, PubMatic raised undisclosed funding from the same investors. “Given the environment, we felt that since our current investors were happy, we would talk to them rather than spend a lot of time talking to (new) investors. You have to balance how much time you spend on the company’s progress and on raising money,” says Amar Goel, chairman and co-founder of an optimization tool firm that helps online publishers in the US and UK derive more revenues from their platforms.
The outlook for start-ups with a strong idea and a great team aiming to solve a big problem remains strong, some venture investors insist. Says Niren Shah, managing director, Norwest Venture Partners India, “We look at what pain point is (the start-up) addressing? Is it scalable?”
The slowdown, however, has resulted in far stricter measures to judge what a great start-up means in these tough times.
namitha.j@livemint.com
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