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
reply[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.
replyTough 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.
replyNot everything though. There are huge unicorns that serve the Indian market in India.
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