Uday Sodhi

Partner, Kurate Digital | Co-Founder Founders Room Capital | Ex Head @Sonyliv | Angel #Investor #Startup Mentor | #Foodie #Traveler #OTT #Content

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia ,

Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.

A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.

India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.

The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.

Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.

India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.

Respectfully submitted.

[pj @BeingPractical]

Welcoming team @Stratzy_HQ to @RaiseTheBarHQ 🚀

Now aiming to build and serve the capital market ecosystem with @DhanHQ @scanx_trade @Upsurge_club @FilterCoffeeHQ @ask_fuzz 😊

[Subir Singh @subirkrsingh]

Most people don’t have an AI problem.
They have a prompting problem. A Thread..

[Uday Sodhi @Uday]

@BeingPractical @RaiseTheBarHQ OMG ... amazing

[Uday Sodhi @Uday]

@BeingPractical And more podcast-ers

[Pooja Bhatt @PoojaB1972]

Bandra is unlivable. Smog. Dust. Roads an absolute mess. Can barely breathe if one steps outside. Meanwhile construction work continues with zero safety protocol. Contractors dont even spray the roads to control the dust emmision. When will this end? 🙏

[boundless ventures @theboundlessvc]

thank you to the team at AI Forge for sparking a genuinely thoughtful discussion on how 2025 changed the conversation around AI to execution and real-world performance.

2026 will be about reliability:

not just bigger models or more intelligence, but systems that actually work.

we debated what to build for:

-the application layer (AI-native products)
-in hardware and compute (chips, power, and physical infrastructure)

and how india can play a unique role across all three- from building physical AI and sovereign infrastructure to scaling consumer AI built for real-world constraints.

thanks to the other panelists for their sharp perspective and fun banter.

@natashamalpani, @ShashankRandev , @Uday, @MohitMGulati, @adityagadge, @mody_kaushal_

[Pranav Pai @Pai_dPiper]

A remarkable milestone! Congratulations @BeingPractical and the entire @RaiseTheBarHQ team on @DhanHQ’s unicorn achievement!

To build a full-stack financial ecosystem that blends trading, analytics, learning, and AI in under five years — and do it with discipline, growth, and profitability — is extraordinary.

Dhan’s success is a signal of the new Indian product wave: high-trust, high-performance, and globally competitive from day one.

Proud to have been part of this journey! The next chapter of India’s fintech story will be written by teams like yours 🚀 @3one4Capital @anuragwho

[pj @BeingPractical]

Here we go with Fuzz 🚀🚀

From building platforms for power traders and long-term investors with @DhanHQ to building AI tools that enable deep-research for Indian Markets with @ask_fuzz - we are giving access to folks on waitlist starting today 😊🙌

Some early participants are public market researchers who loved Fuzz for its deep-research, fact-checks and comprehensiveness of responses. Still early, and we are excited to build more.

Sign-up today on: https://t.co/pbRx55FyQs

[Uday Sodhi @Uday]

Hi, I'm on the @ask_fuzz waitlist. It is my research sidekick for everything related to Finance, India and AI. Join me here: https://t.co/KmBs5Vytfh

@BeingPractical

[Ajay Bagga @Ajay_Bagga]

We will soon complete 13 months of the Nifty being below its all time high hit in end Sep 2024.
The high capital gains taxes on all asset classes and a very poorly thought out tax on share buy backs is constraining Indian markets.
The golden goose is being butchered in the quest to extract the maximum from the 5-6 crore investors/traders/affluent.
Korea offers a good model...proposed high capital gains taxes were shelved in the light of the global policy chaos.
Korean markets are hitting daily record highs.
Not a one on one correlation, there is a lot else going right for South Korea for now.
But this has been a huge sentiment booster.
The Indian govt will collect over Rs 60,000 crores as STT.
STT was introduced while the then FM said on the floor of the Parliament that zero capital gains tax is being enshrined with this STT being levied.
Overtime STT has been increased and huge short term and long term capital gains taxes, as well as tax on dividends, as well as taxes on tendering shares for share buy backs, have been brought in.
This is in addition to SEBI charges, stamp duty , IGST , exchange charges and brokerage.
Investors are the proverbial Golden Goose.
And even if they dont make money, they have to pay all these fixed charges from STT to a long list of charges.
Over the last 12 months, most Mutual Funds and the Indian stock indices have yielded negative returns. However. investors are in the dock for all these fixed charges.
And the few who made money have to pay huge capital gains taxes.
Laffers Curve works
Lower taxes lead to higher government revenues, higher compliance and less suppression.
We see thousands of UHNI investors relocating their base to tax advantaged locations to avoid these high taxes.
The revenue loss increases with every hike in taxes and hike in other levies.
Need some action to unleash positive sentiments in the Indian investment landscape.

[Uday Sodhi @Uday]

@chandrarsrikant Super

[Jatin Sapru @jatinsapru]

What started with a tweet turned into a streak of great ads.
Jasprit and Sanjana nailed it! The chemistry, clean bowled moments and the final twist. (Waah!)

Going to show my support to @Jaspritbumrah93 and @SanjanaGanesan by buying @myuppercase bags

#uppercaseWithBumrah

[Jasprit Bumrah @Jaspritbumrah93]

Had a masterplan with @SudipGhose to get @sanjanaganesan on board but turns out @myuppercase had already won her over!
You’ll want to watch this one till the end! 🎬✨

#BasBatanaBhoolGaya #uppercaseWithBumrah #MadeInIndia #SustainableChoices #InvestedInuppercase

[Gabbar @GabbbarSingh]

Bowling, batting, acting - Bumrah is doing it all. We're just lucky to be living in Bumrah's world!

#BasBatanaBhoolGaya #uppercasewithbumrah

[CNBC-TV18 @CNBCTV18News]

From bowling yorkers to backing brands, @Jaspritbumrah93 joins the wave of cricketers-turned-VCs with an investment in @myuppercase!

Tells @_ritusingh cricket or investing- he trusts his gut on & off the pitch.

Founder @SudipGhose also talks about the upcoming premium line.

[Jasprit Bumrah @Jaspritbumrah93]

#collab Made a bold move, bas batana bhul gaya.

#BasBatanaBhoolGaya #InvestedInuppercase #AsStylishAsYou #uppercaseWithBumrah

[Jasprit Bumrah @Jaspritbumrah93]

@SanjanaGanesan Hi, what's for dinner?

[Uday Sodhi @Uday]

@geometricmagic Scale is a MOAT, till it's not....old jungle saying :)

[Uday Sodhi @Uday]

Congratulations @vinaykrsinghal

[Vinay Singhal (stage.in) @vinaykrsinghal]

Big news! We’ve raised $12.5M in Series B funding, led by @GoodwaterCap & @BlumeVentures — including $2.5m worth secondaries for some angel investors!

BUT, this isn’t about money. It is a validation that India’s regional cultures deserve to shine. It is about envisioning a world where everyone is proud of their cultural identity.

with 1 app
3 cultures
20 mn users
4.4 mn+ paying households &
180 cr in ARR

How did we get here? And where do we go next? Time for a 🧵👇