V. Balakrishnan, the former chief financial officer of Infosys Ltd, said investors are now focusing on B2B start-ups than B2C. Photo: BloombergHyderabad: India’s start-ups will flourish if the regulatory environment becomes more friendly as all other things—funding, talent and ability to connect to global market—are in place, says a senior IT industry figure. V. Balakrishnan, the former chief financial officer of Infosys Ltd, told PTI that investors are now focusing on B2B start-ups than B2C. The biggest problem faced by start-ups is on regulatory and compliance front, Balakrishnan said, citing the income tax department’s notices to start-ups vis-a-vis the angel tax. “Start-ups should have a different environment for regulatory compliance; you can’t expect a startup company to adhere to all matured company regulations,” Balakrishnan said.

Source: Mint January 22, 2018 12:45 UTC