Strong call to address critical funding gap for start-ups By Duruthu Edirimuni Chandrasekera View(s): View(s):financing from sources like angel funds and venture capital (VC), capping in liquidity events such as IPOs or acquisitions within 5 to 12 years. Notable successes from our portfolio include exits like nCinga and Roar, as well as listings like InsureME. The problem with existing start-up companies is the lack of capital, and in the last 15-20 years of Angel investing and venture capital funding, this is the biggest lesson we have learned,” Prajeeth Balasubramaniam, Managing Partner of BOV Capital, said, discussing the challenges faced by the start-up funding cycle in the country. “This will help set up new venture fans in the country and stop start-ups from relocating elsewhere.”Mr. Balasubramaniam highlighted that the absence of such a strong critical structure is delaying their next funding round, which already has US $ 2 million soft local commitment. He pointed out to the Indian start-up ecosystem, which has a highly advanced policy on this, which the country can borrow from.

Source: Sunday Times March 14, 2026 22:47 UTC