SPACs' new challenge to convince investors their money is well utilised

Financial constraints: Vijay Sharma, founder and chairman of One97 Communications Ltd, posing for a photograph at the company’s headquarters in Noida, Uttar Pradesh, India. One97 operates PayTM. In his early days, he said that getting funds was a major problem to the extend that it had affected his marriage proposals. – Bloomberg

Being an entrepreneur is tough when you don’t have the funds or a platform to raise money to undertake your business plan.

However, it is even worse when you have an array of financing packages in place but are unable to convince investors of the idea or the business proposal.