IndiaTech seeks level playing field and easier IPO listing norms for Indian startups

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Thinktank and lobby group IndiaTech is set to lobby for Indian startups, under the guidance of its new CEO Rameesh Kailasam. The thinktank is ready with a three-point agenda, to pursue with Indian regulators and policymakers.

Under its three-point agenda, IndiaTech is seeking a level playing field for Indian startups, loosening of initial public offering (IPO) regulations and a differential voting structure that would protect the interests of Indian entrepreneurs against powerful investors.

Kailasam said, that the top priority for the group is to get easier listing norms for the startups.

Founder and former CEO of Flipkart Sachin Bansal had also advocated the need for differential voting rights for entrepreneurs.

“We want to ensure that institutional investors get an opportunity to invest in the growth of Indian startups and, at the same time, give exits to the investors who funded the startups in the early years. We’re also asking regulators to ensure a level playing field for Indian startups and for entities incorporated in India. We’re not seeking preferential treatment. We’re just saying that entities that are not incorporated in India but who are doing business here should not be allowed to get better treatment,” said Kailasam.

Rameesh Kailasam was appointed as the CEO of IndiaTech, in August this year, following the resignation of Gyanendra Badgaiyan, a former IAS officer, four months prior to the appointment.

With the thinktank now well poised to lobby for the startups, it is looking to strengthen its team, by hiring four to five full-time employees by the end of the year.

The group is also looking to attract applications from startups, investors, and well-known entrepreneurs, while it is still in the midst of finalising the criteria for signing up new members.

IndiaTech was formed by domestic internet companies to assist domestic startups by having a say in the policy-making decision to help them provide a level playing field against global rivals. It is backed by some of the most prominent startups and investors in the country. Currently, the thinktank has 14 members including Ola, Quikr, Lenskart, Urban Ladder, MakeMyTrip, Steadview Capital, among others.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Trump lauds relations with Italy, Rome seeks trade dialogue (Lead)

Washington, Oct 16 (IANS/AKI) Ties between Italy and the US "have never been so good", US President Donald Trump...

Libyan conflict risks destabilising Africa: Italy

Washington, Oct 16 (IANS/AKI) The protracted conflict in Libya could destabilise the whole of Africa, Italian President Sergio Mattarella said on Wednesday after talks...

Good friends buy Pakistan four months to ‘eliminate’ terror financing – But can it?

New Delhi, Oct 16 (IANS) With all-weather friend China heading the FATF, and backed by two other "brotherly countries" of Malaysia and Turkey, Pakistan...

Telcos passing off wirelines as mobile numbers to evade charges: Jio

New Delhi, Oct 16 (IANS) Reliance Jio has alleged incumbents, including state-run BSNL, Bharti Airtel and Vodafone Idea, have fraudulently masquerading wireline numbers as...

Vice President watches ‘Sye Raa…’ with Chiranjeevi

Hyderabad/ New Delhi, Oct 16 (IANS) Vice President M. Venkaiah Naidu on Wednesday watched Telugu movie "Sye Raa Narasimha Reddy" along with its lead...
- Advertisement -

More Articles Like This