Friday, January 19, 2024

Pitch 'club' to Goyal by unicorns


MUMBAI: On Wednesday, a group of unicorn startups met with the minister of commerce and industry, Piyush Goyal, to talk about the possibility of starting a unicorn club—or, to put it another way, a group of startups that would regularly meet with the minister's office and suggest ways to help the ecosystem grow.

New businesses additionally asked the clergyman to take a gander at the chance of facilitating the esop (representative stock possession plan) tax collection system, originators who went to the gathering said. Agents of 40-50 unicorn new businesses including Zerodha, Zepto, Oyo, CarDekho, Paytm, and Flipkart were in participation.

The gathering which comes against the foundation of a lukewarm subsidizing climate likewise saw considerations around the need to grow accessibility of homegrown capital for supporting new businesses. The pastor, it is learnt, recommended unicorn new businesses to consider conceivable outcomes of setting up an asset which could be utilized to back juvenile new companies monetarily. " As of now, a great deal of startup originators put resources into youthful new companies in individual limits. The thought is to take a gander at ways by which they could rather add to the asset and help other more modest players," said Rikant Pitti, prime supporter at EaseMyTrip. " A few little new businesses today battle to get subsidizing from banks," he said.

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