"(Livemint) The irony in the start-up world- Global start-ups look at India, while Indian start-ups look Outward. • Global start-ups have found gold in India, while Indian start-ups continue to either move out of India or target global markets instead of India. • WhatsApp, Facebook, Twitter, Amazon, Uber, or even a TrueCaller. And last week, Tinder announced its first office outside of the US, in India. • All these are global giants (some with an Indian DNA) who see the opportunity in India and are investing here from their global valuations, which is (usually) an obscene multiple of an average Indian start-up. • For the uninitiated, most of the consumer technology start-ups are targeting mobile Internet. And India will soon have more people using mobiles and/or the Internet than the entire US population! • Eight of the top 10 venture funds in India are global funds. So, the relatively smaller amounts of money that are available to Indian start-ups still isn’t Indian! Many start-ups are fleeing India, and iSPIRT has done a wonderful job of putting together 34 points that can stop this exodus. • A significant number of the top-valued start-ups in India are taking proven western business models and applying them to India, with a garnishing of some Indian innovation. OTHER PRACTICE QUESTIONS
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