Capital, talent, and taxes top the budget wishlist for VC and PE ecosystem

Quick Summary:

The VC and PE ecosystem is looking out for thematic funds and resolution of longstanding demands on taxation of carry, ESOPs, and opening up new sources of domestic capital as part of the upcoming Union Budget 2024.

The budget, which will be presented on July 23, will determine the outlook for the startup ecosystem in Modi 3.0.“Startups have to innovate and cannot be a copy-paste of bigger companies,” Padmaja Ruparel, Co-founder of Indian Angel Network (IAN), told YourStory.

Removing bank guarantee for early-stage startups will also aid in ease of borrowing capital for growth, she said.

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Article Details

Author / Journalist: Payal Ganguly

Category: StartupsEconomyBusiness

Markets: IndiaCuba

Topics: Business Startups Capital Part Angel Ecosystem Budget Funds Taxation Ease Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 01:15:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 21689078

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 13 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 21 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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