How To Find A Startup Consultant In Hyderabad?
Hyderabad, a city you might know it as a city of Nizams or for its lip-smacking Biryani.
But ‘The city of pearls” is a lot more than that, it harbours a lot of economic potentials that we haven’t paid much attention to.
Recent estimates of the economy of Hyderabad’s metropolitan area have ranged from $40 billion to $74 billion (PPP GDP), and have ranked it either fifth- or sixth- a most productive metro area of India. Hyderabad is the largest contributor to the gross domestic product (GDP), tax and other revenues, of Telangana, and the sixth-largest deposit centre and fourth largest credit centre nationwide, as ranked by the Reserve Bank of India (RBI) in June 2012. It’s per capita annual income in 2011 was ₹44,300 (US$620).
The city is home to more than 1300 IT and ITES firms that provide employment for 407,000 individuals; the global conglomerates include Microsoft, Apple, Amazon, Google, IBM, Yahoo!, Oracle Corporation, Dell, Facebook, CISCO and major Indian firms including Tech Mahindra, Infosys, Tata Consultancy Services (TCS), Polaris, Cyient and Wipro. In 2009 the World Bank Group ranked the city as the second best Indian city for doing business. The city and its suburbs contain the highest number of special economic zones of any Indian city.
But while Hyderabad is a major hub for corporate life, not everybody is a follower of rules. As of 2019,
3,007 startups we’re listed in Hyderabad.
All in all the City of Pearls is all set to become the City of Startups.
But how does one ensure that their startup does not get left behind in this rat race? That it does not fall short of fulfilling all the requirements of a successful startup?
Here is where a startup consultant comes to your aid.
But before that, who is a startup consultant?
Someone who can help you find all the solution to you queries regarding startup. Who concentrates on how a startup can develop utmost funding and build steady line of investment
The startup funding consultancy model is based on the understanding of the market deeply. And hence should be handled by someone who has a grip on the current finances as well as be passionate about startups.
Starting a new business is one hell of a task that requires courage and devotion to make an indication into a reality. It is not for the faint hearted for d Entrepreneurs face many challenges while creating their startup, but the biggest of these is acquiring funding to support the startup. Even when young startups find investors who are willing to invest in their ideas, it is difficult to decide what type of investor is right for the specific model and which investor has the best expertise for the entrepreneurs’ startup model. It is best for startups to rely on experts during the initial stages of business as one wrong step can result in a huge loss whether monetary or reputable. Startup funding consultancies act as bridges between startups and investors who can best support them. They act as matchmakers for startups and investors.
Since the age of globalization, metropolitan cities have been hubs of commerce and business. People often migrate to these cities looking for opportunities to succeed. Hyderabad has a growing ecosystem of startups. This has been possible due to the presence of innovative entrepreneurs, wealthy investors and efficient startup funding consultancies that have linked these former two.
So what benefits can avail from a funding consultant?
a. Legal Consulting
b. Pitch Decks
c. Key Performance Indicator (KPI)
g. Business Advisory
Now, one might say that what is the use of a funding consultant when they can approach an investor directly.
Here is why,
Everyday investors are inundated with pitches from startups asking them to invest in their company. However, the process of getting selected is based purely on luck. Also, startups are new in the business and they may struggle to find out the right investor for their startup. Consultancies have a rich and vast network of investors that they interact with regularly. Investors communicate their needs to the consultancies and they respond by connecting them to the best startups according to their requirements. There exists a relationship of trust between the investor and the consultancies giving the referred startups an edge over those that approach the investors directly.
And what different types of investors that consultancies can connect startups to?
Angel Investors are investors who are willing to fund small-scale operations such as seed rounds and beyond. They are relatively flexible in their funding and have a lot of value and wisdom to offer to the new startups.
. Accelerators and Incubators are vehicles that organize various programs where startups can participate and earn the funding to cultivate their idea and gain traction. These programs can help introduce startups to various investors and even gain valuable knowledge for their company.
Venture Capitalists are large scale investors who provide monetary investment to startups. They help startups acquire market value and monetary strength in later rounds of fundraising competitions.
Corporate Investors are the big corporations that invest in startups. Many big organizations have investment branches that fund and promote startup growth.
Finally, What are the roles and responsibilities of a funding consultancy?
a. Create a dense network of investors based on trust and communication
b. Find startups looking for funding
c. Research on the different types of investment models
d. Pair the startup with the right investor
6. What are the benefits of starting a startup consultancy?
a. Extensive network of clients, both startups and investors.
b. Creating a niche for advising and helping startups raise funds
c. Immense growth and expansion opportunities
d. In-depth market knowledge
Now that you are well versed with the idea of startup consultancy. We are sure you would start searching left, right and center for one, but why take so much of work load when we are always there to help!
Intrigued by the idea of funding consultancy and have some more question?
Or you are interested in getting in touch with one?
You have all our attention!