The Wall Street Journal Finds Venture Capital Luring Entrepreneurs Back to India

March 2, 2016

Kunal Bahl, co-founder Snapdeal. Photo by Anindito Mukherjee of Reuters

Kunal Bahl, co-founder of the online marketplace Snapdeal, returned to India after working for Microsoft. Snapdeal is now valued at $6.5 billion. PHOTO: ANINDITO MUKHERJEE/REUTERS

A surge in venture capital funding for startups is luring entrepreneurs with ties to India back to the world’s second-most populated country, reports the Wall Street Journal today.

The article, ‘India Welcomes Home Technology Talent,’ notes that in addition to a surge in venture capital, low labor costs, a pro-business Prime Minister and the sheer size of the country’s potential market is wooing entrepreneurs from Silicon Valley and other tech hotspots back to India.

In fact, there were approximately 4,200 startups in India in 2015 – three times more than in 2010 – and investors pumped nearly $5 billion into those startups during the year.

Many of the returning entrepreneurs are high-profile. Former Microsoft executive Kunal Bahl returned to New Delhi to cofound Snapdeal, which is now valued at $6.5 billion, while three Indian-born Alphabet executives recently returned to work at Bangalore-based Flipkart Internet, the country’s largest startup.

If you’re not a subscriber to the Journal and would like to receive a copy of the article, email judy.lee@aboutdci.com.

Written by Judy Lee

Judy Lee is a Vice President at DCI. She joined the firm 2012, bringing more than 10 years of public relations, communications and marketing experience. Since joining DCI Judy has worked with a diverse portfolio of destination clients including Chattanooga, Columbus, Northwest Arkansas, City of El Paso and Thailand.

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