The Difference Between the Startup Culture Abroad and in India
Leverage the India Market for a High ROI
India is not far away in the race in becoming a leading world startup hub. Growing numbers of incubators, entrepreneurs, local and international V.C.s, PE Firms and multinational companies are turbo-charging the growth of an expanding India scene. In fact, the count of Indian startups is expected to nearly quadruplicate from 3,100 in 2014 to above 11,500 by 2020 end. By setting up business in India by foreign companies, it provides them with prospects of a much higher ROI.
India is in its form to become the leading choice of country in startup investment in the world. With the initiatives like Start-up India, Make in India, Stand up India, Skill Development Centers, and an exponential increase in the number of entrepreneurs, incubators, and startup hubs, India is ranked 2nd in the world with a large number of startups. The number of startups is increasing in the ongoing times. So, doing a company set up in India is beneficial for foreign companies, international entrepreneurs and investors.
Moreover, India is performing better in relation to the ease of doing business each passing year. Hence, India has become the chosen investment destination for many foreign Firms. And, this all has given the birth of more and more jobs, ideas and business expansions. Setup Firm in India to gain more in less investment and ultimately for higher profits.
India’s Huge Population / Consumer-Base Advantage
The population in U.S. is around 32.82 crores, and Sweden is 1.02 crores, whereas India has way more than population of these two countries combined. Indian population is about 135.26 crores, which means the country has more chances to gain a high rate of potential customers. Hence, setting up business in India by foreign companies is lucrative and profitable. The Indian startup ecosystem has more revenue chances than in other countries.
An Air of Opportunity
The ecosystem of U.S. startup is jam-packed with the financial capital, i.e., there’s a lot of liquidity. An important thing to consider here is that in the U.S., seeding stage investors hunt for the best entrepreneur. They strive to find the most suitable initiators as they wish themselves to be identified as the leading pick of a great entrepreneur. Investors there crave to work with the innovators, creators, and stress on encouraging a creative idea to grow and succeed. They even first taste and test their product on their own before releasing it in the market, focusing on the quality of the product and showing how mature their ecosystem is.
Safe and Secure Investment in Startups in India
On the other hand, if we talk about the fundings and investment in Indian startups. The startups used to suffer from great investment tantrums from the investor’s ends late in the 1990s, but now a culture in the country has absolutely taken a U-turn because of the introduction of so many packages and policies by the Indian Government. Hence, company set up India is getting smooth with all those benefits and advancements. People, Government, think-tanks etc are doing a great job in making the business setup easy.
India has witnessed so many successful startup stories like Ola Cabs, Flipkart, Paytm, Zomato, to name a few, who have created a niche for themselves in their respective fields. It only happened because of the culture they build with their organization, employees, customers, stakeholders etc, which was comprised of free-flow of ideas, transparency, a clear goal and communication. They all have carved their domains and created the history in India, likewise many foreign startups have done in the country, and some are on the verge of doing it. But they are struggling with finding the right partner whom they can collaborate with for their future endeavors.