Hello Anish,
Nadeem: I am looking for capital somewhere in the range of $80,000 to $90,000 for seeding the company.
As Nadeem said, explain in not more then 2-3 lines of what you plan to do. $80k = Rs. 36 Lakhs.
For creating a product you wont need more then 10-15 Lakhs. Do more with less.
Harsh: I have a theoretical working model not an actual working prototype. The seed capital includes the prototype development cost.
I can tell you right away, investors dont like Theoretical Models, Put some money from your own pocket FIRST to make the functional prototype. If you do not believe in your own idea and not willing to put your own pocket money, why would Angels/Investor trust on what you do not trust yourself with your own money ?
Mitul: Help with TiE will be greatly appreciated.
http://mumbai.tie.org/chapterHome/about_tie/ContactUs200701185177183739/view...
Manak Singh Executive Director Tel : +91-22-42200101 email: manak@tiemumbai.org
Zankhana Kaur Program Director - Mentoring & TiE Stree Shakti Tel : +91-22-42200102 email: zee@tiemumbai.org
Get yourself the membership its going to cost you Rs. 3500/year + taxes Attend a few programs and also have a look at the main website : www.tiemumbai.org | mumbai.tie.org
Regards, Mitul Limbani Founder & CEO, Enterux Solutions, www.enterux.com