startups: Not match and correct: VCs, startups cry foul as restriction on investments from Mauritius, China hurts


Synopsis

With the federal government erecting a wall towards China and the RBI intently scrutinising the helpful possession of funds, startups and VCs are feeling the warmth. Even because the trade is ready for the regulatory haze to clear, the most important problem for VCs can be successful again the arrogance of traders who had grown snug with the Mauritius route over time.

Someday round early September 2020, when a startup was trying to shut a secondary transaction wherein a Hong Kong-based investor was to choose up a ten% stake from current traders, it needed to search the Centre’s go-ahead. In April 2020, the federal government stated investments from nations that share a land border with India would want its prior approval, in a transfer geared toward decreasing the Chinese language heft in Indian companies.Quickly after looking for the

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Register to learn the complete article

You’ve bought this Prime Story as a Free Present

Already a Member?

Holi Supply on ET Prime

Get 25% off on 1 & 2 12 months Plans

View Plans

Particular Supply on ET Prime

Subscribe & get 30% off on 2-12 months Plan

View Plans

Particular Supply on ET Prime

Subscribe & get 30% off on 2-12 months Plan

View Plans

Why ?

  • Sharp Perception-rich, Indepth tales throughout 20+ sectors

  • Entry the unique Financial Occasions tales, Editorial and Knowledgeable opinion

  • Clear expertise with
    Minimal Advertisements

  • Remark & Have interaction with ET Prime neighborhood

  • Unique invitations to Digital Occasions with Business Leaders

  • A trusted workforce of Journalists & Analysts who can finest filter sign from noise



Supply hyperlink

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a comment
© 2021 TheFinanceBuzz. All rights reserved.