Foreign investors are being snagged by India’s tax net
Indian startups will suffer
StartupS in India, as elsewhere, are in trouble. Venture-capital (VC) investments in January were down by 80%, year on year, according to Inc42, an online publication. Many of the reasons are familiar, too: money is no longer free; local banks pay more on deposits; once-hot business models like food delivery or online learning have not lived up to expectations; and crashing valuations are undermining the credibility of the market. Now Indian firms face another, idiosyncratic hurdle.
This article appeared in the Business section of the print edition under the headline “The angels’ share”
Business March 4th 2023
- How the titans of tech investing are staying warm over the VC winter
- Investors are going nuts for ChatGPT-ish artificial intelligence
- Foreign investors are being snagged by India’s tax net
- Artificial intelligence is reaching behind newspaper paywalls
- The uses and abuses of hype
- Lessons from Novo Nordisk on the stampede for obesity drugs
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