AngelList India head Utsav Somani launches micro VC fund to back 30 early-stage startups – TechCrunch

[ad_1] As investors get cautious about writing new checks to early stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firms. On Wednesday, Utsav Somani announced iSeed, a micro VC fund to back up at least 30 startups over the course…

70% of Indian startups will run out of money in less than 3 months – TechCrunch

[ad_1] More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in the bank, and another…