New Delhi, Jan 16 (PTI) The funding environment is "decent" for good startups now, Indian entrepreneur and co-founder of boAt Aman Gupta said on Thursday, asserting that for companies that are not good, "the times of free money are over".

Gupta, who was speaking on sidelines of National Startup day event, however, declined to comment on the timeline for boAt's reported IPO.

Also Read | 8th Pay Commission Approved: How Much Salary Hike Can Central Government Employees Expect Under 8th CPC?.

"I cannot state (anything) on the IPO front for now," he said.

Asked about the funding environment for startups, he said, "The funding environment is decent... good startups and good companies are getting funded but if you are not good, if you are not doing well then the times of free money are over."

Also Read | January 16 Birthdays and Birth Anniversaries: Know About Famous People and Celebrities Born on January 16.

He emphasised that good companies are attracting capital -- marking an improvement in overall funding environment.

"Now people are only getting funding for good companies. Earlier funding had also stopped, even good companies were not getting funding," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)