Monday, March 20, 2023
Outlook India
Outlook Business

Start Up Ecosystem

Selected start-ups receive Rs 75 lakhs with a follow-on provisioning of Rs 4 crore, along with GTM focussed mentorship by successful founders and domain experts

The recent blow-ups in many start-ups are a result of the founders' vanity and their failure to understand the basic obligation of public shareholding

SIDBI is working towards facilitating credit supply to the MSME sector in line with the government's vision of making India a $5 trillion economy. The organisation aims to grow its balance sheet to Rs 5 trillion in the next two years

The global start-up ecosystem saw a significant course correction in 2022, receiving around $24 billion in equity capital, down from a record $42 billion in 2021

The four-day event aims to extend its support to start-ups, investors, and companies by providing them a platform to establish contact and birth collaborations and new business ventures

The report by InnoVen Capital also pointed out that nearly 58 per cent of founders managed to raise funds last year, compared to 92 per cent in 2021

These start-ups are eligible to avail of fiscal incentives under the Startup India action plan of the government

Prime minister added that India is also the home to 108 unicorns in the world

CBDT Chairman Nitin Gupta said that once the issue would reach their door, the Department will examine the concerns and take it forward

Before the budget, some of the founders (especially from the edtech sector) expected some revisions to the start-up ecosystem