Markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB) and remove the 200-investor cap, allowing angel funds to access a broader pool of accredited investors. This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping Angel Funds raise more capital and support early-stage companies. Angel Funds, a type of venture capital fund, mobilize money from investors to support startups. However, concerns have been raised about inadequate verification of investors' risk appetite, the onboarding of numerous investors without strong financial backing, and potential conflicts with private placement regulations under the Companies Act, 2013. To address these concerns, Sebi previously proposed that only Accredited Investors (AIs) should be allowed to invest in Angel Funds. Now, the regulator is seeking feedback on amending the defini