News > How to make unicorns and stop the startup drain

How to make unicorns and stop the startup drain

Indian Express | 18/02/2021 11:11 PM | Click to read full article

Many entrepreneurs today are lured away from our country by startup hubs such as Singapore, Hong Kong and the United States. Besides factors such as ease of doing business and low corporate tax rates, startups are often coaxed into moving base overseas by their investors.

Many unicorns as well as minicorns and soonicorns continue to be funded by foreign investors who find it more convenient to work as corporate entities registered within jurisdictions where they have a greater influence over rule-making.