Angel funds play a pivotal role in early-stage startup financing in India, operating under a unique regulatory substructure within the broader framework of AIFs. In March 2025, SEBI issued an informal guidance to FirstPort Capital Angel Fund, clarifying several regulatory ambiguities.
Discover the impact of India’s ‘angel tax’ modification on startup investments. Analyze arguments for and against the change and explore suggestions for improvement. Learn about enhanced oversight measures and potential effects on reverse flipping.