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Reducing the additional tax burden will encourage domestic and global venture capitalists to invest more in new age businesses, as per experts.

Start-ups CEOs have taken to their social media platforms to express their opinions on the budget.

The venture capital fund will aim at boosting innovation in space technology economy in India

The report also highlighted the growth of start-ups across all sectors and the increase in women participation

Avdhesh Khaitan of Kadet Defence Systems states that for India to become a global drone hub by 2030, the budget should focus on policy measures and fiscal incentives.

This decline comes despite the start-up funding gaining nearly 110 percent growth in the previous quarter; and 56 per cent in the quarter that ended in December 2023.

The announcement was made at IIT Madras Sports Tech Start-Up Conclave in collaboration with Outlook Business

The group reportedly informed the state government that the bill, in its present form, would hinder business operations, complicating the ease of doing business.

Neha Singh, Co-Founder of Tracxn, shed light on the recent trends observed in H1 2024 in the start-up sector, the increase in investment by family offices in Indian start-ups, and more.

This upward trend reportedly comes after a phase of high interest rates that had previously discouraged investments in rocket, satellite, and space-based data service companies.

In the most recent quarter, total start-up funding increased 16 per cent sequentially to reach $79 billion.

Experts feel that start-ups face an even greater burden throughout the early years of their company because of the tax.