|Headline||Angels get passthrough|
Angel investors in India, who are cheered over finance minister's pat on the back, is yet to find out the impact if angel investments are treated under Category I AIF venture capital funds. Mahendra Swarup, president, Indian Venture Capital and Private Equity Association (IVCA) said, "There is no concept of pooling of money in angel investment, contrary to venture capital funds. In most cases, each member or individual invests money into the start ups. So, there is no point in bringing angel investors under the regulatory framework, which may kill the angel community in India.