Home » startups: Not fit and proper: VCs, startups cry foul as restriction on investments from Mauritius, China hurts

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

by Marjorie


With the federal government erecting a wall in opposition to 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 largest problem for VCs will probably be profitable again the boldness of buyers who had grown snug with the Mauritius route through the years.

Someday round early September 2020, when a startup was seeking to shut a secondary transaction by which a Hong Kong-based investor was to choose up a ten% stake from current buyers, 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 aimed toward decreasing the Chinese language heft in Indian companies.Quickly after searching for the

  • SAVE

Sign up to learn the complete article

You’ve received this Prime Story as a Free Present

Already a Member?

September Particular Provide

Get Flat 20% Off


Get Provide

Why ?

  • Unique Financial Occasions Tales, Editorials & Professional opinion throughout 20+ sectors

  • Inventory evaluation. Market Analysis. Trade Developments on 4000+ Shares

  • Clear expertise with
    Minimal Advertisements

  • Remark & Interact with ET Prime group

  • Unique invitations to Digital Occasions with Trade Leaders

  • A trusted crew of Journalists & Analysts who can greatest filter sign from noise

Source link

Denial of responsibility! This post is auto generated. In each article, the hyperlink to the primary source is specified. All Materials and trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your articles, please contact us by email – thefastnewz@gmail.com. The content will be deleted within 8 hours. (maybe within Minutes)

Also Read  China contributes US$1.42 million to promote APEC cooperation

Related Articles