VC and PE investors hope Budget 2024 will ease regulatory hurdles
As the startup funding winter comes to a head, both companies and investors are bracing for some tough times ahead. Apart from uniform taxation across the ecosystem, venture capital (VC) and private equity (PE) players hope the interim budget will bring some clarity to recent circulars issued by regulatory bodies. Startups have had to deal with challenges in raising equity rounds in recent times. According to a report by market research and data platform Tracxn, 2023 saw the lowest funding raised by startups in the last five years, with a 72% decline year-on-year.