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 sense to focus on India right now,” citing the growing adoption of smartphones in the country and its increasingly active start-up community. He noted that the country of 1.2 billion recently surpassed the U.S. in terms of its number of Internet users, and that local entrepreneurs “are responding” with “innovative” offerings for the domestic market and thinking about global growth, as well.
Google Capital has already invested in India in the real estate portal CommonFloor, and the U.S.-India company Freshdesk. The organization told the Journal that it is open to investing in Indian start-ups across the board.
