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Over 7,000 cash-starved start-ups may benefit from angel tax relief

An investment of around $12 billion might come from 2,000 angel investors

Topics
Angel Investing  |  Angel Investors  |  Dipp

Subhayan Chakraborty & Karan Choudhury  |  New Delhi 

A series of changes made to the so-called angel tax by the government could give wing to 7,000 cash-starved start-ups, sources in the Department for Promotion of Industry and Internal Trade (DPIIT) said. According to industry observers, an investment of around $12 billion might come from 2,000 angel investors and hundreds of smaller backers of start-ups by the end of the year.

Of this, about $7 billion will come in the form of corporate investment. After facing sustained pressure over the past three years from start-ups and venture capital funds over the tax, the government on ...

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First Published: Thu, February 21 2019. 01:35 IST
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