Mohandas Pai flags lack of domestic capital for Indian startups, calls for policy overhaul

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.

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 1,65,000 registered startups, 22,000 are funded. They created USD 600 billion in value. We got 121…