In a recent statement, Kunal Bahl, co-founder of Snapdeal, has called upon Indian startups to consider incorporating locally within India rather than opting for foreign jurisdictions. Bahl pointed out the advantages of improved fundraising opportunities from Indian venture capitalists, the favorable regulatory environment, and simplified compliance procedures for companies operating within the Indian market. He emphasized the practicality and benefits of incorporating in India, dispelling the traditional notion that foreign incorporation provides better prospects for fundraising and exits. Bahl’s advice comes at a time when the Indian startup ecosystem is witnessing rapid growth and increasing interest from investors. By choosing to incorporate in India, startups can not only benefit from the support of local investors but also find it easier to navigate the regulatory landscape and ensure compliance with the country’s laws. This shift in perspective aligns with the government’s efforts to promote entrepreneurship and innovation within the country. With the Indian startup scene gaining momentum, Bahl’s recommendation to incorporate locally reflects a strategic move that could potentially lead to long-term success for emerging businesses in India.