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


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

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