By Indus Khaitan
Indus Khaitan, Co-founder & VP, Product Marketing and Alliances
I was reading this article in the economic times a few days ago about bootstrapped startups in India, including narratives of founders around bootstrapping and vowing to never take venture capital money in future.
I disagree with their opinion and I think they are wrong in taking a position against external venture capital.
I have irrepressible respect for both Paras and Pallav, founders of Wingify and Fusioncharts, respectively. They are good friends of mine and I have played brother to Pallav. They have built a solid business from scratch without any outside capital, and a business which counts some of the largest public and private companies as their customers.
They are selling themselves short. They are undermining their potential. Even Kapish has to be reminded about his valour and his ability to leap the ocean. This is an attempt to remind them.
Wingify and Fusioncharts have an annual topline of around $10 million as reported in the ET story. However, I think what they have built is just a foundation of...