The Hawk!
Every dreamer needs someone who makes sure they are following the laws of the land. Rashmi makes sure that Lightbox and our portfolio companies are legally compliant. Not satisfied with just one job and passionate about being part of the new technology economy, she took on the role at Sherpalo while already being the company secretary at Cleartrip. And simultaneously completed her law degree.
Now a qualified lawyer, Rashmi manages all the compliance and finance functions at Lightbox and helps our portfolio companies with their legal compliance.
What does failure mean to you?
Failure is disheartening but grounds me and makes me even more determined; and that determination adds to my courage.
What’s your super power?
Self-restraint and resilience
Which is your favourite city in the world?
Milan hands down!
If you weren’t a venture capitalist, you’d be...
A singer and a children’s story writer... and would love to have my own little bistro
One of the most bizarre tax provisions in recent times, 'angel tax' has been causing extreme heartburn and confusion within the startup community. And while the procedural change with the January 2019 notification is welcome, what needs to change are the rampant tax notices and coercive action against genuine startups who already run very boot-strapped operations.
Read MoreCan the government come up with a policy that ensures national security, creates a level playing field for brick and mortar retail and new age e-Commerce requirements, not spook the FDI sentiment and yet regulate the e-economy?
Read MoreI respect the government’s desire to increase the tax net, curb black money, money laundering and build transparency in our tax system. What I don’t understand is why they make us a part of a guessing game with unheard of potential levies from time to time?
Read MoreThe Indian Startup ecosystem has attracted over USD 5.5 Bn of PE/VC in 2015 alone and is the third largest Startup base worldwide. It’s heartening to see the Government take notice and launch the “Startup India Standup India” initiative.
Read MoreThe DIPP recently told the Delhi High Court that the marketplace model used by ecommerce companies is “not recognised” in the country’s foreign direct investment (FDI) policy and that the financial watchdogs are to investigate any violation.
Read MoreUber, the popular Bangalore based cap operator was asked to change its payment mechanism by the Reserve Bank of India. Popular ecommerce sites like Myntra, Urban Ladder, Flipkart, and many other have been under the scanner for various regulatory matters like FDI violation, VAT related issues, Enforcement Directorate probes for maters before April 2013, Payment mechanism violations etc. With each passing day new violations or potential violations seem to be added.
Read MoreBeing the last critical budget before the next general assembly elections, we all probably had some sense of what the budget would lay down. Here's a quick summary of what appealed and didn’t appeal from the "Funds/Venture Industry" perspective.
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