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The Indian start-up ecosystem has had its share of innovative successes. But there is a category of companies that has remained elusive. We don't have anything that can compete with Facebook, LinkedIn or Twitter. What's common across these three, other than the fact that they have been the most impactful companies in the last decade? They are all driven by communities.
The boost offered to start-ups by the Securities & Exchange Board of India (SEBI) is a good move to encourage new enterprises to list in India. It holds the promise of providing start-ups with alternative routes to capital, relaxation in disclosure norms of funds accumulated, simplified bidding, e-IPO, lock-in of entire pre-issue capital and definition of promoters. These measures are very positive and indicate more progressive thinking within the SEBI and other governmental organisations. But it may not be enough, unless several other associated measures are put in place as well.