Entrackr- Startup Funding India

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2020 Union Budget Govt To Organise Seed Fund To
Boost Startup In India

• Introducing the first budget of the new decade,
  Indian finance minister Nirmala Sitharaman talked
  about Startup Funding India while calling on
  Indian entrepreneurs and stated that
  entrepreneurship has forever been the backbone of
  India and introduced a seed fund.In the second
  part of the governments program for 2020 in the
  union budget, while addressing the Government
  Funding for Startups in India, the minister
  announced the strategies to set up a seed fund
  for entrepreneurs.

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Currently, there are in total of 416 venture funds

• The marquee VC funds such as Sequoia Capital
  India, Nexus Venture Partners, Tiger Global
  Management, Blume Ventures, amidst others are
  previously working in correspondence with angel
  networks, HNIs and corporate investors and
  aggressively working towards bridging the rift
  between early-and late-stage ecosystems.
• In the year 2019, the seed stage funding
  persisted to fall. With 252 Million in funding,
  the seed- stage venture value fell by 44
  (compared to 2018). Talking about early-stage
  seed funding, the Indian startup ecosystem is
  running through a slowdown.

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The current working government has boasted
regarding establishing an INR 20K Crore

• Even though the market is quite positive
  about Government Funding for Startups in
  India but it will be great to see whether this
  new recommended seed fund will help the
  early-stage ecosystem or will it remains to be
  the same?Nirmala Sitaraman also invited all the
  infrastructure agencies of the government to
  include startups as they will aid in rolling out
  value-added services in quality public
  infrastructure for taxpayers. The finance
  minister has suggested easing of tax payments for
  startups - a decision that was welcomed by
  aspiring entrepreneurs

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