Why did red tape cost this AI startup over $100,000?
Neeraj Poddar, founder of AI startup Nimble Edge, lost over $100,000 due to India’s inefficient regulatory processes. ODI approvals stretched beyond seven months, with banks and RBI shifting requirements. Despite reforms like Startup India and C-PACE, founders face delays that stifle growth. Poddar urges digitised, time-bound clearances to boost India’s global innovation ambitions.