Intro

For over a decade, Indian startups have chosen to be incorporated in Delaware and Singapore when raising venture capital.

Now India wants to change that with Gift City—a financial enclave designed to compete globally. But can it?

We explore why founders still choose Delaware's speed and legal certainty, what Gift City offers to funds but not startups, and the structural gaps that need fixing.

Tune in.

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.