Challenge for startups to get Series C & beyond funding: Kris

Securing series C and beyond funding is a challenge for start-ups, Information Technology veteran Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses.

The start-ups scenario in India is pretty good but when those firms go for series C and beyond funding, there are some challenges, the co-founder and former CEO of Infosys said.

"But at the seed stage or series A (funding), there is still money available; good ideas will get funded and there are lot of opportunities for innovation and new startups in the area of financial services, healthcare, niche retail and deeper technologies, converting research into new products and new businesses," Gopalakrishnan told

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