This is very specific to an Indian startup scenario, is it legal or possible to do a self starter campaign or a kickstarter campaign as a startup registered in India. The customer base will be largely in US, India and perhaps rest of the world.
Hi there! I do work with some Indian clients, advising them on growth strategies and communication plans.
While finance is not my expertise, I keep an eye on the uneasy tension between FDI, Indian companies and Government authorities. As of now the word is that crowd funding in India is a grey market, with SEBI not clarifying the regulations as of yet.
This has not stopped moviemakers and startups from raising funds, especially from sources based outside of India.
As of now, the cautious approach is that the India-based "crowd" of your crowd funding must be institutional or at least registered with SEBI.
Happy to discuss more if you'd like!
Answered 9 years ago
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