Start-ups in India will need to realise the fact that governance and compliance are their friends and not their foes.
Till a few years back, unicorns only meant fantasy animals that existed in stories, but nowadays they have acquired a new meaning in the start-up world- an entity that has joined the coveted club of USD 1 Billion valuations.
Starting from the CEOs of MNCs to the local kirana store, India is in awe of start-ups, and everyone wants to join the bandwagon. Start-ups have been a catalyst for change in India and have brought innovation, convenience, job creation, and a chance for a better future to the forefront. The meteoric rise of the Indian start-up ecosystem makes every Indian proud. But is all really well? It doesn’t seem so, with an increasing trend of news regarding the alleged financial irregularities, corporate governance issues, and even allegations of fraud floating around.
Please click here to read the full article by Kartik Jain and Debottam Chattopadhyay, published in ET Insights.
Kartik’s key focus area is Mergers & Acquisitions as well Private Equity transactions. He has assisted clients from the inception of the acquisition, contributed during negotiations and helped in completion of the transaction.