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No, it's not. All Indian startups combined raised a total of $14B last year (2019).
by 9nGQluzmnq3M 6y ago
No, it's not. All Indian startups combined raised a total of $14B last year (2019).
- biql 6y agoDoesn’t necessarily mean it’s small, might be just undervalued and it’s probably cheaper to run a startup there due to lower cost of living and salaries.
- t3rabytes 6y agoJust because their VC totals don't match the bay area doesn't mean that this is a small investment.
- tester34 6y agoThat's giant amount of money How many serious start ups can be there?
- 9nGQluzmnq3M 6y agoQuite a few: it's a country of near 1.4 billion people, so it comes to only $10 per person, and India already has 20-ish unicorns who largely exist to serve them.
- ClumsyPilot 6y agoMost of the world economy does not revolve around startups. "In 2018–19, the foreign direct investment (FDI) in India was $64.4 billion". Consider that there is also domestic investment, and that Google's investment is spread over many years.
- billfruit 6y agoIndia probably has a rather small startup scene, that is not much of an argument.
- missedthecue 6y agoIt's not that small. I can name more Indian startups than Western European startups, and I have never even been to India. Of course everywhere is small compared to the US, but for what it is, India holds its own.