Boost for startups: Rules set to ease for funding by angel funds
In this fast-changing ecosystem, where angels are investing much higher amounts, the increase is expected to provide more opportunities to angel funds. The Sebi board has approved amendments to Alternative Investment Funds (AIF) regulations with respect to Angel Funds'. The decision is based on the recommendations of its working group, Sebi said in a statement
Angel funds, a sub-category AIFs, encourage entrepreneurship by financing small startups at a stage when they find it difficult to obtain capital from traditional sources of finance such as banks and financial institutions. Image source: Pixabay