Capital markets regulator Securities and Exchange Board of India, SEBI has allowed startups to list and raise funds with an easier set of norms within India, while it made investments cheque-free for all IPOs. Besides, the regulator also fast-tracked the process of raising funds for companies through IPOs by reducing the listing time by half to six days after the public offer. The SEBI also allowed a larger number of companies to tap the 'fast-track' route for raising funds from the existing and new investors. It said yesterday that the streamlining of public issue norms would obviate the need to issue cheques, help more retail investors access IPOs . Announcing the reforms, SEBI Chairman U K Sinha told reporters in Mumbai that the new start-up listing norms are aimed at encouraging Indian entrepreneurs and their technology and other ventures to remain within the country, rather than moving to overseas markets for funds. Under the new norms, the minimum amount that an investor would need to invest in such ventures would be 10 lakh rupees. However, small retail individual investors would not be allowed to invest. Mr. Sinha said, a higher investment cap has been decided with a view to keeping small investors away, as risks could be higher in such investments. He said, the disclosure and other listing requirements have also been relaxed, as compared to other companies.