Funding is the fuel that powers a business. Every startup has financial business goals to be achieved. To attain the same, it is essential to seek funding. This funding process ought to take place in a timely manner so that it becomes easier to plan financial tasks in a simple and structured way. Funding and fundraising together contribute to the growth of business by enhancing the level of startup according to highest level of competition in corporate world.A business can take different avenues and channels to attain funding, often numerous channels are used .