He told that when Sachin Bansal and Binny Bansal, who also happened to be his roommates, approached him about the investment in an e-commerce idea. But the problem was that the internet was not so popular in the country at that time and it was also hard to get the VCs to fund something like that. But it is due the Filpkart’s founder’s stint at Amazon, and their confidence to pull their project off finally struck the deal with Accel Partners. “You find a lot of incubators now. There are many young people just out of college are trying their hands at entrepreneurship,” Prayank said, indicating that the scenario for the investment has been drastically changed over the couple of years.

“When we first started investing in 1996, if you came with a startup idea, the people would have said that you are crazy, but now, there is social acceptance for the startups, VCs are readily investing and internet has become the primary choice for most of entrepreneurial ideas,” Vijay Kumar said. He also said that the start ups nowadays have transferred from “long time to build and long time to stay to short time to build and short time to stay ventures.”

Also Read:

Hear From The Men Who Powered India's E-Commerce Inception 
Chetan Maini, The Man Behind India's Most 'Electrifying' Idea - Reva