The startup scene in India is picking up steam. But still around 70-80% of startups are self financed. And capital is a big factor in helping the startups scale up and become a worthwhile business.

But this idea is not a new one. I remember Rajesh Jain’s Blog post on the subject that is dated December, 2006. So is it a workable idea. Or does it need some capital for its own success!?!