“Capital gains is exempt currently for angels for DPIIT recognised startups. This is an extension for FY22 which is welcome and should be continued for attracting investments into startups from HNIs and VC funds,” said Anup Jain, Managing Partner, Orios Venture Partners.
The government announced some other direct and indirect measures in the Budget
for the startup ecosystem. “Direct measures that will have a positive impact on the ecosystem include OPC (one-person company) reforms and setting up of a Fintech hub in GIFT city. Indirect measures like massive increase in healthcare spending, higher capex, infrastructure building and reducing some stress in the banking and financial system will also be a net positive for startups and the VC ecosystem,” said Jatin Desai, managing partner, Inflexor Ventures.
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