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India - probably the hottest startup culture outside the US. World class healthcare at 1/10 the cost - medical tourism already exists. A large part of the econo

India - probably the hottest startup culture outside the US. World class healthcare at 1/10 the cost - medical tourism already exists. A large part of the economy is already built around software services.

ishi 9y ago
Some would argue that Israel has "the hottest startup culture outside the US". There are 96 Israeli companies listed in NASDAQ, and only 12 Indian ones. http://www.nasdaq.com/screening/companies-by-region.aspx?region=Middle+East&country=Israel http://www.nasdaq.com/screening/companies-by-region.aspx?reg... http://www.nasdaq.com/screening/companies-by-region.aspx?region=Asia&country=India http://www.nasdaq.com/screening/companies-by-region.aspx?reg...
- sandGorgon 9y ago
  That's because India's domestic markets are large enough. In fact, the hottest startup culture is actually China - but those are closed markets. When you build startups in India, you build for the fastest growing economy in the world. Yes - startups still do list on international markets, but that is a combination of Nasdaq, Singapore and BSE. For example, the largest "unicorn" in India - Flipkart - is listed in Singapore.
  - sah2ed 9y ago
    I had to google that BSE is the Indian exchange, Bombay Stock Exchange.
  - cmadan 9y ago
    Flipkart is registered in Singapore but not listed on the SGX (Singapore's stock exchange).
    - sandGorgon 9y ago
      not yet - but that is the reason it is registered. Same for Ola IMHO. Its was the most regulatory friendly arrangement to allow for an international IPO while still operate things like wallets and multi-brand retail in India.
- tianlins 9y ago
  Then you can also argue CHINA has "the hottest startup culture outside the US", based on NASDAQ http://www.nasdaq.com/screening/companies-by-region.aspx?region=Asia&country=China http://www.nasdaq.com/screening/companies-by-region.aspx?reg... Also among the top 10 unicorns by valuation (http://fortune.com/unicorns/ http://fortune.com/unicorns/): 6 from US, 3 from China and 1 from India. Of course, the answer really depends on what you mean by "startup culture".
  - sandGorgon 9y ago
    you are right - I have mentioned that in my other comment. But China is a closed ecosystem. India's markets can be tapped by international founders. For example - look at Zoomcar. Literally impossible to do that in China.
trevyn 9y ago
India does not have world-class healthcare. It is common for underdogs to claim they are world-class, and if you don't have the experience to know better, you might believe it.
- jdnc 9y ago
  Any data to support your claim? From my anecdotal experience, having lived in both the India and the US, I haven't ever felt that there was anything lacking in terms of receiving world class healthcare in India.
  - madhadron 9y ago
    That's because the US doesn't have world class healthcare either.
- sandGorgon 9y ago
  https://en.wikipedia.org/wiki/Medical_tourism_in_India https://en.wikipedia.org/wiki/Medical_tourism_in_India > The Medical Tourism Market Report: 2015 found that India was "one of the lowest cost and highest quality of all medical tourism destinations, it offers wide variety of procedures at about one-tenth the cost of similar procedures in the United States." medical tourism is a multi-billion dollar industry in India with American and European patients accounting for the largest share. I'm not talking about cutting edge research here. Possibly there's no comparison there. But I'm talking about something that's practical, applicable and real medical care.
superasn 9y ago
Unfortunately the western culture is slowly but steadily gaining foothold here and with hospitals like Max and Apollo the cost of medical treatment is steadily rising while health insurance is being steadily promoted as something you can't live without. I'm guessing that within a decade these multinational companies who run these medical establishment as ruthless businesses will be able to get it to the same point.

ishi 9y ago

Some would argue that Israel has "the hottest startup culture outside the US". There are 96 Israeli companies listed in NASDAQ, and only 12 Indian ones. http://www.nasdaq.com/screening/companies-by-region.aspx?region=Middle+East&country=Israel http://www.nasdaq.com/screening/companies-by-region.aspx?reg... http://www.nasdaq.com/screening/companies-by-region.aspx?region=Asia&country=India http://www.nasdaq.com/screening/companies-by-region.aspx?reg...

sandGorgon 9y ago
That's because India's domestic markets are large enough. In fact, the hottest startup culture is actually China - but those are closed markets. When you build startups in India, you build for the fastest growing economy in the world. Yes - startups still do list on international markets, but that is a combination of Nasdaq, Singapore and BSE. For example, the largest "unicorn" in India - Flipkart - is listed in Singapore.
- sah2ed 9y ago
  I had to google that BSE is the Indian exchange, Bombay Stock Exchange.
- cmadan 9y ago
  Flipkart is registered in Singapore but not listed on the SGX (Singapore's stock exchange).
  - sandGorgon 9y ago
    not yet - but that is the reason it is registered. Same for Ola IMHO. Its was the most regulatory friendly arrangement to allow for an international IPO while still operate things like wallets and multi-brand retail in India.
tianlins 9y ago
Then you can also argue CHINA has "the hottest startup culture outside the US", based on NASDAQ http://www.nasdaq.com/screening/companies-by-region.aspx?region=Asia&country=China http://www.nasdaq.com/screening/companies-by-region.aspx?reg... Also among the top 10 unicorns by valuation (http://fortune.com/unicorns/ http://fortune.com/unicorns/): 6 from US, 3 from China and 1 from India. Of course, the answer really depends on what you mean by "startup culture".
- sandGorgon 9y ago
  you are right - I have mentioned that in my other comment. But China is a closed ecosystem. India's markets can be tapped by international founders. For example - look at Zoomcar. Literally impossible to do that in China.

trevyn 9y ago

India does not have world-class healthcare. It is common for underdogs to claim they are world-class, and if you don't have the experience to know better, you might believe it.

jdnc 9y ago
Any data to support your claim? From my anecdotal experience, having lived in both the India and the US, I haven't ever felt that there was anything lacking in terms of receiving world class healthcare in India.
- madhadron 9y ago
  That's because the US doesn't have world class healthcare either.
sandGorgon 9y ago
https://en.wikipedia.org/wiki/Medical_tourism_in_India https://en.wikipedia.org/wiki/Medical_tourism_in_India > The Medical Tourism Market Report: 2015 found that India was "one of the lowest cost and highest quality of all medical tourism destinations, it offers wide variety of procedures at about one-tenth the cost of similar procedures in the United States." medical tourism is a multi-billion dollar industry in India with American and European patients accounting for the largest share. I'm not talking about cutting edge research here. Possibly there's no comparison there. But I'm talking about something that's practical, applicable and real medical care.

superasn 9y ago

Unfortunately the western culture is slowly but steadily gaining foothold here and with hospitals like Max and Apollo the cost of medical treatment is steadily rising while health insurance is being steadily promoted as something you can't live without. I'm guessing that within a decade these multinational companies who run these medical establishment as ruthless businesses will be able to get it to the same point.