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'Madamji dekhiye pls, it's an unnecessary waste of time': Shark Anupam Mittal to Sitharaman on harassment of startups

Anupam Mittal, the CEO of Shaadi.com and a judge on Shark Tank India, has expressed frustration over the tedious process of filing Know Your Customer (KYC) paperwork for startups and angel investors in India. Mittal questioned the necessity of the repetitive KYC process, which he believes is hindering the growth of India's startup ecosystem. Despite tagging the Income Tax Department and Finance Minister Nirmala Sitharaman, Mittal claims that startups are still required to collect and submit KYC documents annually, resulting in unnecessary wasted time. Many in the startup community have resonated with Mittal's call for reform, highlighting the need for policies conducive to nurturing startups.