The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Dhruv Shah, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
Over the past few years, international VCs like Tiger Capital, Accel Partners, Nexus Ventures and Google Capital have been investing in Indian startups. Earlier this year, Sequoia Capital announced the biggest raise by any VC fund -$920 million -primarily for Indian startups. And now, it’s the time of the accelerators.
“The market opportunity in India is too big to ignore. The cost of doing business is reasonable and it’s a hot market with a lot of startups,” says Brett Stevens, director and VP of Jaarvis Accelerator, which is looking to be an intermediary between international investors and India. “The government is supportive, which makes it easier and more reliable to do business here” says Stevens.The potential to find more unicorns in India is another reason driving investors.
And the statistics back it up. In 2015, four unicorns emerged out of India.
Indian entrepreneurs are gaining too. Gurgaon-based MyTaxiIndia founder Anshuman Mihir says Indian accelerators are helping Indian entrepreneurs understand the foreign market through these partnerships. “When we got backing from Japanese taxi firm Nihon Kotsu, it helped us gain a global perspective to scale our company,” he says.
Its the time where the Indian Entrepreneurs are living off their dreams! Its the time when the Indian youth is not just running behind money but giving the best shot to what they are meant for!