No good business can be built overnight. Better investors are needed.
Nitin Kamath says that this realization gained from his business is always behind his willingness to invest. He said startups are willing to invest as long as they are capable of building a sustainable business. Profits from the investment will be used to support other entrepreneurs.
An additional Rs 1,000 crore to help start-ups will help start-ups with great ideas seeking help. Rainmatter decided to set up a $1 million foundation to help entrepreneurs. Such schemes are necessary for entrepreneurs in a country like India where it takes longer to build sustainable businesses. Since 2010, it has been almost seven years since Seroda achieved this commendable feat.
The challenges they faced are the main reason why the company stepped forward to help start-ups with great ideas. Serodha Railmatter Capital was founded by Serodha founders Nithin Kamath and Nikhil Kamath. Later the venture became bigger. The company now supports entrepreneurs solving problems in fields as diverse as fintech, health and climate change. Pea Safe, Cred and Agnikul Cosmos are some of the notable startups that have received support from Rainmatter.
