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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
by 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 agoI had to google that BSE is the Indian exchange, Bombay Stock Exchange.
- cmadan 9y agoFlipkart is registered in Singapore but not listed on the SGX (Singapore's stock exchange).
- sandGorgon 9y agonot 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.