MUMBAI: A clutch of unicorn startups in a gathering with commerce and business minister Piyush Goyal on Wednesday mentioned the potential for establishing a unicorn membership or just put, an affiliation of startups which might commonly have interaction with the minister’s workplace and recommend measures to enhance the expansion of the ecosystem.
Startups additionally urged the minister to have a look at the potential for easing the esop (worker inventory possession plan) taxation framework, founders who attended the assembly stated.Representatives of 40-50 unicorn startups together with Zerodha, Zepto, Oyo, CarDekho, Paytm, and Flipkart have been in attendance.
The assembly which comes in opposition to the background of a tepid funding surroundings additionally noticed deliberations across the want to increase availability of home capital for supporting startups. The minister, it’s learnt, recommended unicorn startups to contemplate potentialities of establishing a fund which might be used to financially again fledgling startups. “At present, a lot of startup founders invest in young startups in individual capacities. The idea is to look at ways by which they could instead contribute to the fund and help other smaller players,” stated Rikant Pitti, co-founder at EaseMyTrip. “Several small startups today struggle to get funding from banks,” he stated.
Startups additionally urged the minister to have a look at the potential for easing the esop (worker inventory possession plan) taxation framework, founders who attended the assembly stated.Representatives of 40-50 unicorn startups together with Zerodha, Zepto, Oyo, CarDekho, Paytm, and Flipkart have been in attendance.
The assembly which comes in opposition to the background of a tepid funding surroundings additionally noticed deliberations across the want to increase availability of home capital for supporting startups. The minister, it’s learnt, recommended unicorn startups to contemplate potentialities of establishing a fund which might be used to financially again fledgling startups. “At present, a lot of startup founders invest in young startups in individual capacities. The idea is to look at ways by which they could instead contribute to the fund and help other smaller players,” stated Rikant Pitti, co-founder at EaseMyTrip. “Several small startups today struggle to get funding from banks,” he stated.
