The Indian startup story began over a decade and half back with the likes of Naukri.com. MakeMytrip, Shaadi, Baazee being “backed” by venture capital (VC), a new type of financing product. VC did not take collateral like debt financing did, instead it bought equity in very young but h…
Tag: IVCA
Industry, investor bodies unite to seek removal of draconian angel tax
Angel investor networks and startup industry bodies have come together to form a unified startup coalition, seeking the removal of the “angel tax” through recommendations to the Department of Industrial Policy and Promotion (DIPP). There is a growing concern after the income tax depar…