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This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping Angel Funds raise more capital and support early-stage companies.
Angel Funds, a type of venture capital fund, mobilize money from investors to support startups.
The regulator is seeking feedback on amending the definition of QIBs to include accredited investors, specifically for offering investment opportunities and allocating investments through angel funds.
Additionally, Sebi has proposed removing the 200-investor cap for Angel Funds.
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https://economictimes.indiatimes.com/markets/stocks/news/sebi-mulls-wider-investor-pool-for-angel-funds/articleshow/118516162.cms