Will India Have 100 Internet Unicorns by 2025? What Industry Stalwarts Say
Paytm founder Vijay Shekhar Sharma, angel investor Rajan Anandan, Kalaari Capital MD Vani Kola, and others highlight the growth of Internet startup space in India.
- He tells Gadgets 360 that India has become sizeable enough for holding a large number of companies that can grow to be unicorns.
- The startup ecosystem obviously needs the government's support to grow and the people Gadgets 360 spoke with said the Indian government has provided that.
- "The reach-out from Indian technology being built locally and going to global markets and bringing back good things is good," Sharma of Paytm tells Gadgets 360.
- That's the ultimate frontier because to build a consumer Internet company that's very global, you have to win on the product, understand local user needs, and understand all kinds of things," he says.
- Hans Tung, the Managing Partner of venture capital firm GGV Capital, who was an early Flipkart investor and is one of the key investors in Snapdeal , says India is a great market for a startup looking for global expansion.
- "Basically, if you want to build a massive startup ecosystem, you will have to have both a large domestic market and the ability to build global businesses," he states.