According to the Ministry of Finance's Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country's technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB...
Google Capital Expands to India
Google is in the process of setting up an office for Google Capital in India, joining other investors such as SoftBank and Tiger Global, in what will mark the first such expansion outside the U.S David Lawee, Google capital partner told Wall Street Journal that “it makes a lot of...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...
SoftBank to Invest $10 Billion in India
SoftBank plans to invest more than $10 billion in India, after Prime Minister Narendra Modi and telecom minister Ravi Shankar Prasad separately met the Japanese telecom and Internet giant's chairman Masayoshi Son. Son pegged India as the company's top priority. In his meeting with Prasad, Son highlighted the company's bullish...