China’s loss maybe gain for Indian Startups
Indian startups have never seen better days. While some analysts argue the startup bubble has burst with TinyOwl and Zomato, the truth is the country has attracted investors by the truckloads until very recently. Some of the world’s leading investors, the likes of Tiger Global are increasingly interested in investing their billions into this ‘untapped’ economy.
China is targeting a minimum growth rate of 6.5% per year until 2020. That’s the lowest it has seen since the late 1970s.
A recent analysis by Quartz proves just that - India has been awarded an awesome opportunity.
It would take a lot to close the gap between China and India. The former still takes the largest share of the VC money coming into Asia. However, the influx of Chinese e-commerce giant Alibaba, Japan's SoftBank, and Google Capital promises to give the Chinese a tough run for their money.
However, the key point here is ‘long term’. With China’s economy showing signs of stagnancy, the trillion dollar question is if investors would turn their attention toward India in the long run.
Mind, old habits die hard. Indian startups surely need to dangle big carrots to keep investors hooked for long enough to gain preference over the Big Daddy of the Asian economy.
Image credit: Indiatimes and Quartz
- Airtel's India business is back in the black after a very long time
- Sequoia and PayPal-backed Pine Labs completes a first close of $285 million funding round from new investors
- BJP spent significantly less on advertising during Kerala elections this year, its ad insertions on TV, Radio and Print decreased from 21% in 2016 to 1% in 2021
- Google I/O 2021: Here's what to expect from Google's biggest annual conference
- ISRO announces its decision to share technology to make portable medical oxygen concentrators developed by VSSC