After funding, managing surplus cash a headache for Indian start-ups

After funding, managing surplus cash a headache for Indian start-ups

Photo: Mint

Capital Float, a start-up that lends to e-commerce merchants, raised $13 million from venture capital firms SAIF Partners and Sequoia Capital in February. The two-year-old company was suddenly flush with cash. Its founders were, however, at a loss about how to manage the funds that would be needed several months later.

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