Indian Startups Hope for a Boost in Investment after Angel Tax Relief | In the News

The Narendra Modi government has taken yet another step to provide some Indian startups a relief from the widely criticised angel tax, and entrepreneurs are now hoping for a funding boost.

Angel investment is crucial for startups as most of them are loss-making and cannot list themselves on Indian stock exchanges, which allow only profitable companies to scout for public investment, said Yugal Joshi, vice-president at consulting firm Everest Group.

Read more in Quartz

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