Angel tax exemption a good effort, but more needs to be done: Industry

The government’s move on Tuesday to relax norms for start-ups will “unshackle angel investing” and unleash the next wave of entrepreneurship, helping India bolster its position as a leading start-up nation, said industry experts.

This, they believe, would help bootstrapped firms in not only securing funds, but help further expansion.  

Angel investors believe this move will bring in domestic monies for start-ups and help create a New India. “This is a seminal move for angel investing and the foundation of Start-Up 2.0,” said Padmaja Ruparel, co-founder, Indian Angel Network (IAN) & founding partner, IAN Fund.

According