The rookie founder was alluding to a bitter funding winter, which started to set in around July last year.In four months, by November 2022, the winter turned frosty. But for a startup like InsuranceDekho, which was hitting the funding market after four years of being incubated by GirnarSoft—the parent company of CarDekho—the timing looked disastrous. The founder knew that the fundamentals were in place because in the absence of funding, the startup had raised working capital from banks. That’s what InsuranceDekho did during the six months when the deal was getting stitched.Then came February 2023, and InsuranceDekho scored a massive cover drive. “The guys who stand out will always attract interest whether it’s funding winter or no winter,” he underlines.

Source: Forbes January 08, 2024 07:37 UTC