Sure foreign players do play a role, yet it still has the 4th largest VC dealflow [0] in the world ($9.3B) at 2x the size of Canada's entire market which highlights a significantly larger market. And unlike Canadian startups, most Indian startups IPO domestically [1] thus building a self-sustaining capital market
Tough as in a lot of competition. A lot of market segments dominated by Chinese manufactures have a relentless stream of Indian Startups nipping at their heels, is what I understand.
Chinese players don't compete with Indian companies as both China and India have blocked access to either's market. For example, Chinese digital exports remained banned in India and even Chinese players in India like SAIC and Xiaomi have been de facto Indianized via forced ownership changes, similar to what China used to do when it was in India's shoes in the 2000s when competing against the US.
When people on HN talk about the difficulty in the Indian startup scene, it about whether to raise in India or raise in the US and then operate in India.
Not everything though. There are huge unicorns that serve the Indian market in India.
Sure foreign players do play a role, yet it still has the 4th largest VC dealflow [0] in the world ($9.3B) at 2x the size of Canada's entire market which highlights a significantly larger market. And unlike Canadian startups, most Indian startups IPO domestically [1] thus building a self-sustaining capital market
[0] - https://dealroom.co/guides/global
[1] - https://internationalbanker.com/finance/india-is-undergoing-...
I didn't realize the VC market was that strong there. A lot of the stuff I read on here had previously pointed to it being a tough startup market.
Tough as in a lot of competition. A lot of market segments dominated by Chinese manufactures have a relentless stream of Indian Startups nipping at their heels, is what I understand.
Chinese players don't compete with Indian companies as both China and India have blocked access to either's market. For example, Chinese digital exports remained banned in India and even Chinese players in India like SAIC and Xiaomi have been de facto Indianized via forced ownership changes, similar to what China used to do when it was in India's shoes in the 2000s when competing against the US.
When people on HN talk about the difficulty in the Indian startup scene, it about whether to raise in India or raise in the US and then operate in India.