What We Learned By Raising Money From Angels in India

It’s almost two years, we started Mealnut. After couple of iterations, we pivoted to what it is now: a discovery platform for people to discover, buy & sell home made delicacies from housewives, chefs & enthusiasts. In those two years, we raised 14lacs in equity and 3lac in debt from angel investors in India. Here are some of the lessons we learnt:

1. Look for the angel investors who believe in you, your idea and problem you want to solve. Investment is just a by-product and you make good friends too.
2. Don’t go out of your way to please anyone, even investors, except your customers.
3. Take your chances, help comes from unexpected quarters most of the times
4. Some entrepreneurs turned investors might give you advice which is far better than money.
5. Don’t budge to the requests for detailed financial projections, it’s too early. At early stage start-up, no one knows what’s gonna happen for the next 10 days. It’s huge waste of time.
6. Don’t give up just because you have no money at all.
7. Small debt is also not bad if it gets you out of the situation.