[The Outline By Inc42 Plus] Will Micro VCs Rule Early-Stage Funding?

Dear Reader, Stories abound about the camaraderie between startup founders and VCs. But how often have you heard about an LP (limited partners invest in VC funds) rolling up his sleeves to solve the pain point of a startup? When Narendra Karnavat, whose son is an LP in Artha Venture Fund, came to know that a few of the VC firm’s portfolio companies were struggling to finance inventory and capital assets, an idea struck him. Karnavat, the promoter of a listed NBFC called Glance Finance, decided to extend revenue-based financing to these companies to meet their working capital requirements.   His... This is an Inc42 Plus Member Exclusive story. Read this story on Inc42.