RBI roadblocks: Startup Founder on US not investing in startups

Wootzapp startup founder, Sandeep Srinivasa, highlighted challenges faced by US investors in funding Indian entities, citing RBI-related hurdles. “Incoming remittance, whether investment...or even salary, has massive RBI roadblocks,” he said. He urged the Centre to intervene and ease norms to support employment, adding, “We have been raising this issue consistently over the past few years.”