Despite Rs 120 crore funding, IITian faces rent affordability crisis in Bengaluru

Despite receiving ₹120 crore in funding for OKcredit in 2019, Harsh Pokharna, the founder and CEO, who is also an IIT Kanpur graduate, found himself broke. He had no savings, lived paycheck to paycheck, and was concerned about paying rent in Bangalore. He shared these struggles on his social media accounts earlier this week. In his post, he criticised venture capitalists for leaving founders in challenging financial situations. The IIT alumnus offered some advice to fellow founders and entrepreneurs: “VCs want founders to stay poor… So if you’re a founder, don’t let anyone shame you into staying poor,” he wrote on his social account.

Trending