Startup founder upgrades car & home after ₹5-crore funding, his investor calls him out

Mrunal Jhaveri, founding partner at Ice VC, shared he was forced to have a "very uncomfortable" conversation with an early-stage startup founder for utilising ₹5-crore funding to upgrade car and apartment. "I don't want my founders stressed about rent or school fees," said Jhaveri, adding, "But there's a big difference between living comfortably and treating VC funding like salary hike."