Indian startups may get pension, insurance funds
Synopsis
The government has started deliberations on easing regulations to allow pension and insurance funds to flow to startups, giving them access to stable, long-term domestic capital.
New Delhi: The government has started deliberations on easing regulations to allow pension and insurance funds to flow to startups, giving them access to stable, long-term domestic capital.Indian startups rely excessively on foreign risk capital in the absence of local funding. More than 85% of investment in Indian startups comes from overseas. Domestic pension and insurance funds have a cumulative corpus of over Rs 1.5 lakh crore.A top official
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