Startup India Policy Proves Beneficial for Bigshots
Apart from the budding firms, the Startup India policy which was introduced this year is proving extremely beneficial for many established e-commerce firms too. This list covers Paytm’s Vijay Shekhar Sharma, Flipkart’sSachin and BinnyBansal, Tata’s Ratan Tata and Snapdeal’sKunalBahl and RohitBansal. These top notch businessmen have wisely invested in many startups. The said campaign was the brainchild of our Prime Minister Narendra Modi.
“For older start-ups, these investments (in other start-ups) are a way of gauging and tackling the next big threat. They also get to understand and learn from other start-ups and these investments might also help their primary start-ups in operations at a later stage,” said SaurabhSrivastava, co-founder, Indian Angel Network.
Srivastava points out how the benefits of a company that one invests in directly impacts the investor. Policies which deal with easier exits for companies and investors will help the investors bag profits.
Currently, Ratan Tata has invested in 27 startups which include Snapdeal, Paytm, Ola, Urban Ladder and Xiaomi. KunalBahl and RohitBansal have invested in 19 startups, which include Ola, UrbanClap, Bwakoof, LetsVenture and MadRat Games. Some of the prominent names out of the 8 startups Vijay Shekhar Sharma has invested in are DealStreetAsia, InnerChef, Applied Life, Milaap and ZAPR. SachinBansal and BinnyBansal have their own share of investments in 11 startups. Some of them are Tracxn, Inshorts, SpoonJoy, Applied Life andMadRat Games.
The Startup India policy provides the startups which have launched startup incubators one too many benefits. The government involvement will definitely help reduce the time to register a company and will clear the issues which revolve around starting a firm.