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> It will be very interesting over the next two decades to see if, with the rise of India, this trend continues, flattens, or even reverses. This is true. I g

> It will be very interesting over the next two decades to see if, with the rise of India, this trend continues, flattens, or even reverses. This is true. I graduated from one of the well-known engineering colleges 4 years back in India and a good percentage of my CS batch went to study in top-schools in the US with a primary motivation to get a job and get settled. Fast forward to now, most of them are looking at coming back and thinking of getting a slice of pie in the booming tech / Ecommerce market in the country. With VC investments booming, and mobile penetration rising tremendously (even in tier 2 cities / towns) the order of the day is to quickly clone a popular business model that has worked in the west and innovate under the local constraints. I can clearly see the curve flattening or even reversing in the next 8-10 years. All in all, it sounds like good news for the Indian economy.

shubhamjain 11y ago
While the VC investments and rise of so many startups is exciting, I am still worried if it is sustainable or everyone is just riding on the VC fuel. Most of the startups, are consumer based companies, many of which, have followed the American counterparts, and to gain market share, they are not worried about spending money like it is endless. Take an example of "Lenskart", which will send an optician to your doorstep who will do eye-check for you @ Rs. 50 ( < $1 ). Not to mention, the sheer number of promotional and branding campaigns they have been running. I believe not every company is like that, but the startup scene in India is more or less, a gaining-user-share game. In pessimistic future, where these startups would be relying on the last pennies of their funding, I am not sure if they would be able to sustain if they start pricing the things they sell at a price to make a profit, since the Indian consumer finds these offers, the major reason to use the app. It would be good if the startups also tilt towards actually making products, like VWO, Browserstack and ours[1]. Although, I am aware, that question like, "How the heck that will make money?" has been proved to be pointless at many times in history, if you think of Facebook / Google but I believe eCommerce companies find it hard to grow profits quickly unless they are inventing a new business model (AirBnB, eBay, Alibaba). [1]: http://adpushup.com http://adpushup.com
- ignoramous 11y ago
  E-commerce is a numbers game. Look beyond e-comm and there are plenty of promising product based companies-- Freshdesk, helpshift, zoho, boomerang commerce, indix, pubmatic, zomato, common-floor, housing etc. I think you're being overly pessimistic about the tech scene in India. Flipkart has already made a lot of millionaires, and when other unicorns start going public, we'd start seeing a lot of wealthy individuals that'd turn investors themselves. The key is that critical mass, which I think the Indian tech scene (4th largest in the world in terms of capital, behind US, UK, and China) has already achieved. Also see: http://yourstory.com/2015/04/indian-entrepreneurs-merger-acquisitions-startups-growth/ http://yourstory.com/2015/04/indian-entrepreneurs-merger-acq... and http://yourstory.com/2015/04/billion-dollar-company-india/ http://yourstory.com/2015/04/billion-dollar-company-india/

shubhamjain 11y ago

While the VC investments and rise of so many startups is exciting, I am still worried if it is sustainable or everyone is just riding on the VC fuel. Most of the startups, are consumer based companies, many of which, have followed the American counterparts, and to gain market share, they are not worried about spending money like it is endless. Take an example of "Lenskart", which will send an optician to your doorstep who will do eye-check for you @ Rs. 50 ( < $1 ). Not to mention, the sheer number of promotional and branding campaigns they have been running. I believe not every company is like that, but the startup scene in India is more or less, a gaining-user-share game. In pessimistic future, where these startups would be relying on the last pennies of their funding, I am not sure if they would be able to sustain if they start pricing the things they sell at a price to make a profit, since the Indian consumer finds these offers, the major reason to use the app. It would be good if the startups also tilt towards actually making products, like VWO, Browserstack and ours[1]. Although, I am aware, that question like, "How the heck that will make money?" has been proved to be pointless at many times in history, if you think of Facebook / Google but I believe eCommerce companies find it hard to grow profits quickly unless they are inventing a new business model (AirBnB, eBay, Alibaba). [1]: http://adpushup.com http://adpushup.com

ignoramous 11y ago
E-commerce is a numbers game. Look beyond e-comm and there are plenty of promising product based companies-- Freshdesk, helpshift, zoho, boomerang commerce, indix, pubmatic, zomato, common-floor, housing etc. I think you're being overly pessimistic about the tech scene in India. Flipkart has already made a lot of millionaires, and when other unicorns start going public, we'd start seeing a lot of wealthy individuals that'd turn investors themselves. The key is that critical mass, which I think the Indian tech scene (4th largest in the world in terms of capital, behind US, UK, and China) has already achieved. Also see: http://yourstory.com/2015/04/indian-entrepreneurs-merger-acquisitions-startups-growth/ http://yourstory.com/2015/04/indian-entrepreneurs-merger-acq... and http://yourstory.com/2015/04/billion-dollar-company-india/ http://yourstory.com/2015/04/billion-dollar-company-india/