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A day after Mint asked industry stakeholders to weigh in on the impact of Byju s and Paytm s debacles on the future trajectory of the start-up space in India, more has happened. Let us take a look at the regulatory support the sector expects.
The newly approved policy focuses on boosting entrepreneurship support facilities for students, women, and entrepreneurs. Support will be extended through government, private entities, and high-net-worth individuals to facilitate the setup of startups, an official spokesperson said
This fund will invest in early and growth stage startups with ticket sizes between Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds.
This comes at a time when some of the most highly valued startups, including Byju s, Paytm, Ola, and Dream11, have come under fire for a range of issues, casting a shadow on India’s technology and startup ecosystem.