SEBI eases norms for investment in startups, increases upper limit for angel investors
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SEBI also reduced the minimum angel fund investment for venture capital firms to Rs 25 lakh from the current Rs 50 lakh to give fillip to the early-stage startup ecosystem.
“The definition of startups for angel fund investment to be similar to DIPP policy. Angel funds to be allowed to invest in startups incorporated within 5 years. Angel funds can invest in overseas venture cap undertakings up to 25%,” stated SEBI.
According to SEBI guidelines, angel funds can invest in startups that have been incorporated during the preceding three years from the date of such investments. This has been changed to five now.
The SEBI also increased upper limit for
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