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 repeatedly have interaction with the minister’s workplace and counsel measures to spice up the expansion of the ecosystem.
Startups additionally urged the minister to take 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 had been in attendance.
The assembly which comes towards the background of a tepid funding atmosphere additionally noticed deliberations round the necessity to develop availability of home capital for supporting startups. The minister, it’s learnt, instructed unicorn startups to contemplate prospects of establishing a fund which may very well be used to financially again fledgling startups. “At current, a whole lot of startup founders put money into younger startups in particular person capacities. The concept is to take a look at methods by which they may as an alternative contribute to the fund and assist different smaller gamers,” stated Rikant Pitti, co-founder at EaseMyTrip. “A number of small startups in the present day wrestle to get funding from banks,” he stated.
Startups additionally urged the minister to take 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 had been in attendance.
The assembly which comes towards the background of a tepid funding atmosphere additionally noticed deliberations round the necessity to develop availability of home capital for supporting startups. The minister, it’s learnt, instructed unicorn startups to contemplate prospects of establishing a fund which may very well be used to financially again fledgling startups. “At current, a whole lot of startup founders put money into younger startups in particular person capacities. The concept is to take a look at methods by which they may as an alternative contribute to the fund and assist different smaller gamers,” stated Rikant Pitti, co-founder at EaseMyTrip. “A number of small startups in the present day wrestle to get funding from banks,” he stated.
