Happy News Entrepreneurs: 500 Startups Plans to Fund 30 Indian Startups
Cucumbertown, Instamojo, Walletkit and Trade Briefs are some of the Indian startups that that procured assistance form 500 startups. It has already invested in 10 startups over the last 6 months and looks to invest in more creative and useful startups.
Paul Singh also said that India and Brazil are currently the two countries that have biggest internet markets and mobile internet in India is also growing widely. About the currently venture capital system, he had a different outlook and said to The Economic Times that “Many of the investors here get a bad reputation for being slow and not being friendly to founders, that makes my life a little bit easy. While everybody complains how hard it is to work in India, there is a lot of money to be made here. My fiduciary duty governed by the SEC of United States is to place money in companies that win. Within the next five-seven years, there will be an Indian startup that hits $1 billion market capitalization within 12 months. It is going to happen. It is not a question of if, but when.”
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