Securities and Exchange Board of India (Sebi) Chairman U K Sinha on Saturday met an eight-member team from start-up think-tank iSpirt Foundation here to discuss the way forward for start-ups to raise funds from the primary markets.

"Sebi would put out a discussion paper next week suggesting a series of improvements. The first draft guidelines are expected by the end of June," iSpirt Foundation co-founder and governing council member Sharad Sharma cited.

The think-tank has been in touch with Sebi since mid-December to facilitate the rapidly burgeoning start-up space to go public and raise funds.

"This will stop the exodus of start-ups that choose to list on international markets currently," Sharma added. He, however, declined to comment on the contents of the discussion paper.

At the last meeting with Sebi on December 19 last year, the industry had sought regulatory intervention in easing the existing regulations and guidelines which make it difficult for companies to get right investors and advisors.

Another suggestion was to make the listing process faster and easier so that investors could exit.

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