The Wall Street Journal Finds Venture Capital Luring Entrepreneurs Back to India
March 2, 2016
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.
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