In this podcast interview with Kamla Bhatt, Mahesh Murthy talks about VC funding trends and investment opportunities in India. Mahesh has recently launched Seed Fund for early stage startups, and his fund amounts upto $10 million.
How much money is needed in the seed money for start-up in India? Mahesh says that in the initial or the seed round about $500-800k should get the start-up going. Indian start-ups do not need $2-3 million, the typical amount that US-based start-ups require at the seed fund stage he points out.