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Indian founders found investors’ corporate governance diktat ineffective, will 2024 see better guardrails?

Inc42 · 1y

Indian startups faced increased scrutiny in 2023 for lax corporate governance practices and lack of transparency. A survey of 400 founders revealed that 44% faced increased investor checks and balances. However, 54% of founders believed that the measures taken by investors were moderately or barely effective. Investor sentiment is expected to remain cautious in 2024, with a focus on founders who handle capital judiciously and have strong corporate governance safeguards. Despite concerns, an overall increase of approximately 36% in Indian startup funding is projected for 2024.