India is a special country, because of its diverse nature and isolated culture. These qualities combined with business acumen of young turks have got attention of VC from US and some from China like Alibaba and Didi Chuxing.
Well, this is not a coincidence – the increasing penetration of mobile users along with growing urbanization and tech savvy youth has led VCs to shift their priorities to Indian over China.
Speculations are that more investment is expected to flow into e-commerce despite of the lull in sales for market leaders like Flipkart and Snapdeal.
Tokyo based Cyber Agent has committed $500k to $1 million in pre-series A and series A in India.
India may the be the sequel of the startup story led by US and China till now. Tech innovations back India for further growth, despite only few startups becoming profitable so far. When China economy is slowing down and Indian GDP is growing like never before, it seems that India is going to be the next big love for Asian investors.
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