Mint Explainer: What the new data privacy law means for India’s startups

India’s Digital Personal Data Protection (DPDP) Act, 2023, was brought into effect on Friday as the ministry of electronics and IT (Meity) notified the rules and set up a four-member board for data protection. For startups, compliance with the Act becomes increasingly important, not just for the sake of running their businesses, but also for ensuring they’re above board when venture capital investors, looking to fund them, conduct their due diligence. “There’s been unnecessary hoarding of data, which startups will now have to re-evaluate, because now the law is very clear,” said Raj Ramachandran, partner at JSA Advocates & Solicitors. Read more