Bonita on SEBI' s Announcement regarding new norms for start-ups

SEBI has made an announcement relaxing listing, fund-raising norms for start-ups.

Mr. Umang Srivastava, Joint Managing Director, Bonita said, "The step taken by SEBI is very encouraging. India today is witnessing a vibrant entrepreneurial culture with a large number of start ups emerging on to the big stage. Unnecessary hassles and restrictions in listing were driving startups to list abroad. The liberalizing of the listing norms and access to an alternative institutional trading platform promises to create a better ecosystem for ventures to list and raise capital in India. It is a win-win situation for both entrepreneurs and investors. The relaxation will not only attract many foreign investors but will also give domestic investors a chance to become a a part of the success story of the start-up revolution. At Bonita, we are currently in talks with several venture capitalists for funding to expand our horizon. We believe that funding norms should be made easier rather than stringent for businesses to flourish. It is businesses that create jobs and contribute to the incomes," said Umang Srivastava, Joint Managing Director, Bonita.

Bonita: A Start Brand in home utility sector. Hope you would incorporate the quote in your story.

Source : Equity Bulls

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