It is a Company registered under Companies Act, 2013. Pvt. Ltd. Company is highly recommended entity to start a business due to its various advantages.
Need Minimum two Person for the Registration(Even you can also include your any family member on the paperwork if you have no partners)
Easily raise the funds from banks, angel investor and VC Firms
If your vision is to raise the funds & growing startup and need trustworthiness among the clients then must go with the private limited. Remember it is a Real Company in India
It is a company so setup costing is high and annual compliance is more as compare to the other entities such as LLP, Partnership firms etc