SEBI Overhauls Angel Funds Framework for Investors

SEBI, India's financial watchdog, has changed the rules for angel funds, which invest in startups.

The main change is that these funds will now only be able to take money from 'accredited investors,' who are considered to be more experienced and wealthy.

New funds must follow this rule immediately, and existing funds have a little time to adjust.

Funds must also meet deadlines for getting started, and investments will be made at the fund level.

This also changes the way angel funds are classified and will now be treated separately.

These changes aim to make investing easier and safer.