MUMBAI, December 13, 2018 : In a major push to kickstart the listing of startups in India in a big way, the markets regulator, SEBI, has relaxed the norms for new-age startups in sectors like e-commerce, data analytics and biotechnology to raise funds and get their shares listed and traded on the stock exchanges. As a significant contributor to the promotion, mentoring, helping and funding of startups in this region, TiE Mumbai greatly lauds this decision and views this as a positive move in further facilitating entrepreneurship and the ecosystem in the nation.
TiE Mumbai has committed to work with various stakeholders, especially the government and regulators and help in policy forming thereby playing a significant role in the mission of Startup India and supporting growing entrepreneurs and their businesses. TiE Mumbai along with various stake holders and ecosystem partners have been in talks with SEBI and Stock Exchanges to have the right platform for the startups to get listed and raise funds. As a part of this effort, road shows and meetings with ecosystem system partners such as entrepreneurs, investors – angels, VC’s, family offices, market makers, stock exchanges, financial institutions, experts, etc. were held in obtaining feedback, developing & enabling effective policy for Startup Listing.
“This indeed is a positive move by SEBI. This will pave the way for further employment creation by startups and entrepreneurs in the country as capital flow in the market increases. We see many more unicorns emerging out of India as an outcome of these reforms by SEBI,” said Atul Nishar, President, TiE Mumbai.
“Recognizing and bringing angel investors under the gambit of accredited investors is a great addition in the guidelines as angels are the engines of entrepreneurship in India,” said Harish Mehta, Founder and Chairman, Onward Technologies and first President of TiE Mumbai.
“The new changes will enable investors to unlock value and entrepreneurs to further raise more funds and thereby expand their businesses,” said Mahavir Lunawat, TiE Mumbai Board Member and Group Founder & MD, Pantomath.
TiE Mumbai has been continuously supportive of the young businesses ecosystem in India. It’s mentoring and support to startups has made the journey from startup to scale up possible for several businesses. This reinforces TiE Mumbai’s vision of creating an empowered entrepreneur ecosystem in new-age India and enabling excellent growth opportunities for startups in the region.