Nikhil Patwardhan@patwardhannn
Apr 9
6 tweets
The clock’s ticking for India’s VCs — just one month to clear Sebi’s exam.
Miss it, and even the most seasoned fund managers will be barred from investing in startups until they renegotiate with the regulator.
A quick
on what's been keeping VCs busy lately
The clock’s ticking for India’s VCs — just one month to clear Sebi’s exam.
Miss it, and even the most seasoned fund managers will be barred from investing in startups until they renegotiate with the regulator.
A quickon what's been keeping VCs busy latelyOver the past five years, India’s VC industry has weathered a relentless wave of disruptions.
But just as things seem to be stabilising, India's VCs have a new headache. A Sebi-mandated exam, which many say lacks relevance, and practical application.
VCs are also criticising the exam for its theory-heavy, hedge-fund-centric syllabus, which is seen as misaligned with the practical realities of fund management.
To be sure, the funds domiciled in the US or anywhere else, do not have this requirement.
As India-domiciled VC firms rush to comply before the May 9 deadline, VCs are promoting compliance professionals; some are even considering shifting fund domiciles offshore.
So while startups are doing ghar wapsi, are VCs doing the opposite?
Though Sebi has shown openness to feedback and may revise the curriculum, fund managers must prepare or risk suspension from making new investments.
With a new chairperson in place, VCs are hopeful of an amicable resolution.
More details in the story with @Anuj Suvarna
the-captable.com/2025/04/nism-s
Nikhil Patwardhan
@patwardhannn
Senior editor @yourstoryco @thecaptableco
Bylines @moneycontrolcom @livemint @vccircle @business, @Informistmedia @techcircleindia
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