India has recognized 92,683 startups since the launch of the Startup India initiative, according to government statistics. While venture capitalists are a preferred source of funding for many, some startups rely on fintech lending to bootstrap their companies.
The government has provided tax exemptions for angel investors hailing from 21 countries investing in unlisted Indian startups. This move aims to attract foreign investment from countries with strong regulatory frameworks. The exemption will be effective from April , Industry News, Times Now