Pai Flags Lack of Domestic Capital for Startups

Indian startups are being held back by a lack of adequate domestic investment due to restrictive regulations of the government, according to industry veteran and Aarin Capital chairman Mohandas Pai, who called for policy reforms and R&D investments to strengthen the ecosystem.

- PRESS TRUST OF INDIA

Despite India being the world's third-largest startup hub, Pai cautioned that the country risks falling behind in global innovation unless these challenges are addressed.

"We have 165,000 registered startups, 22,000 are funded. They created $600 billion in value. We got 121 unicorns, maybe 250-300 soonicorns."