Indian-origin startups in North America
Over the years in Silicon Valley, the global hotbed of innovation, several Indian-origin entrepreneurs have created a huge impact with successful innovative start-ups.
FREMONT, CA: The first or second-generation immigrants of Indian origin have worked, for decades, in some of the most highly valued tech companies in the US. Joe Biden, US President, in his March 3 interaction with NASA scientists, has recognized Indian Americans' accomplishments by remarking how they have taken over the country while referring to vice president Kamala Harris and Vinay Reddy, his speechwriter. Even though the 2.7 million Indian immigrants in the United States account for less than one percent of the total population, one-third of Silicon Valley and eight percent of the founders of influential tech companies are people of Indian descent.
Speaking of which, a second-generation Indian-American and Stanford alum born to immigrant parents, 37-year-old Baiju Bhatt has co-founded Robinhood. This is a financial service-based company, which aims to provide access to the financial markets to everyone and is not reserved to just wealthy people. He generated this idea from the 2011 Occupy Wall Street protest when the creators identified the severity of issues within the financial industry. Robinhood cuts off high fees charged by trade brokers by offering commission-free stock trading and exchange-trading funds.
Another newest successful startup on the list, Clubhouse, which was started in 2019 by Paul Davidson and Rohan Seth, the two co-founders who started their journey at Stanford University, and after numerous unsatisfying attempts, mutually agreed to give this social media startup the last try. At the beginning of the pandemic when there was a huge need for human interaction, the Clubhouse app demand bloomed. This app is an invitation-only voice chat room and after influential people such as Elon Musk and Mark Zuckerberg started using it, it gained immense popularity.