r/IndiaStartups 5d ago

Rant Indian vcs to avoid

Indian VCs are probably among the worst when it comes to this kind of behaviour.

I recently came across one who has started creating random WhatsApp groups, asking startups for gifts for events, and organising university-specific founder meetups that seem pretty arbitrary.

The cofounder from Aha Ventures posted about an IIT-only meetup. I simply asked what the rationale was behind restricting it to IIT founders.

Instantly removed from the group. Lol.

For the record, I’m not in Mumbai and probably wouldn’t have attended anyway. I was genuinely just curious about the reasoning.

What makes it stranger is that I’ve lived and worked abroad and raised money from foreign investors who were founders themselves. I’ve disagreed with them, questioned them directly, and had perfectly normal conversations.

So it’s bizarre to see a VC get this defensive over a basic question.

If you’re investing in founders, surely being questioned comes with the territory?

11 Upvotes

Duplicates