"While meeting investors in India a lot of time our business plan faces the same questions, as none of the founders/co-founders are from the IIT or IIM." I sus

"While meeting investors in India a lot of time our business plan faces the same questions, as none of the founders/co-founders are from the IIT or IIM." I suspect a genuine investor could care less where you studied, but, assuming you are facing skepticism only because you didn't get an MBA from one of the IIMs, may I suggest that if your investors specifically care if you are from IIT or IIM (vs the intrinsic business/tech merit of your idea) you are talking to the wrong people - probably old fogies with money with no idea of how either business or tech works. I don't think succesful seed funds like YCombinator (just taking an example) obsess over their applicants having attended elite schools. Why should these guys? I second nreece's suggestion. Get an active revenue model first. All else follows.