Friday, 24 March, 2023

Startups, investors will be able to connect through SIDBI's online platform

<p>The government-owned SIDBI is creating an online platform to connect startups and investors in order to simplify the funding requirements of aspiring business owners. Startups would no longer need to search outside for AIFs thanks to this portal. The AIFs were able to raise Rs 9,400 crore in the market from this Rs 2,600 crore. According to the DPIIT, up to 72,000 startups are recognised. They receive benefits including income tax exemptions.</p>