An angel tax may curtail foreign funding in Indian start-ups

Mumbai : Indian startups that increase capital from overseas buyers reminiscent of SoftBank, Sequoia Capital, Prosus, Tiger International, KKR and Blackstone will now need to pay angel tax in a transfer that would squeeze funding in a sector going through a liquidity disaster and push extra startups to Abroad shift. Finance Minister Nirmala Sitharaman mentioned … Read more