Angel tax may trim foreign funding in Indian startups3 min read . Updated: 02 Feb 2023, 11:34 AM IST
The impact could be hard as startups raise bulk of capital from foreign investors
MUMBAI : Indian startups raising capital from foreign investors such as SoftBank, Sequoia Capital, Prosus, Tiger Global, KKR and Blackstone will now have to pay angel tax in a move that could squeeze funding into the sector facing a liquidity crunch and prompt more startups to shift overseas.
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