If you haven’t seen your money back yet, it does not give you confidence: Vikram Gupta, IvyCap

A lack of blockbuster exits in the Indian start-up scene has hurt the country’s venture capital (VC) ecosystem, and dented the confidence of investors who want to put money into domestic VC firms, said Vikram Gupta, founder and managing partner, IvyCap Ventures Advisors Pvt. Ltd, which recently announced the first close of its second fund at Rs.300 crore. The lack of exits has also led to India’s VC industry having very few professionals with successful track records, and it has also resulted in successful entrepreneurs being unable to redeploy capital in VC firms, he added in an interview.