New Delhi, February 20, 2019: Excess2sell is a premier B2B online platform for vendors, manufacturers, dealers, wholesalers and distributors to offer/ liquidate their unsold – overstock, ageing inventory across several verticals.
“Doing away with the Angel Tax for Start-ups was a much needed and long pending correction. We are glad that the decision to discard it has been made in the larger interest of the thriving Start-up community. We thank the Hon’ble Union Minister of Commerce & Industry and Civil Aviation – Shri Suresh Prabhu for bringing about this change. The decision will help Start-ups to focus on scaling up their projects while the VCs and investors will be able to invest in the projects with a view on the long-term. Start-ups will now be in a better position to consolidate and eventually may go on to become successful companies. A long term approach always helps generate all-round development and healthy returns for all the stakeholders in the enterprise. This development will help Start-ups become employment and revenue generators. The prosperity of the Start-up ecosystem is a definite boost to the Indian economy, to technology development, and to net-worth building. It will help create conducive business environment for innovation and growth in the country,” says Mr Rajan Sharma, Founder & CEO, excess2sell.
Corporate Comm India(CCI Newswire)
