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As the pandemic continues to linger, bringing on more hardships for some, but for others, like the tech and VC sectors, global crisis has become global opportunity
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Startups have flagged their grievances regarding angel tax provision, which they considered was not friendly to them. Photo: iStockphoto
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PE firms, angel investors must be rewarded for their role in our startup ecosystem. For their next stage of growth, though, successful startups should look at using public money. This would diversify their funding sources, open their books to wider scrutiny, and let their wealth creation be shared widely
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The Indian Tech Unicorn Report 2020 put out by Orios Venture Partners shines a light on the value created by our tech firms. It says that 44 Indian tech unicorns, including InMobi, MakeMyTrip, Paytm and Byjus, had generated over 1.4 million jobs and achieved a combined value of $106 billion by end-2020.