Angel networks which serve as vital link between startups scrounging for funds and faceless investors, are being scowled at by the financial market regulator.
The Securities & Exchange Board of India has shot off notices to at least half a dozen angel firms in the past one-and-a-half months, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law.
Though angel networks help sta ..