1947 Tech 🇮🇳: 96
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. Indian SaaS firms eye Japan, LatAm to pip global giants
In Chennai, the startups are building SaaS products during the day and selling services at night in North America.
Yes, Chennai has emerged as the SaaS enterprise capital of India.
Thanks to Zoho and Works. Around 30+ startups have emerged out of these two companies in the last 4 years.
The reason why the next wave of massive SaaS companies would come from India?
Raju Vegesna, Chief Evangelist at Zoho, said the company will enter the Brazilian market this year and will expand its team in Colombia, besides bolstering its presence in Chile
The target market has expanded magnificently.
2. Indian immigration to US down 7.5%
It has never been a better time to start a startup in India and/or invest in startups in India
The reasons are endless!
And it has never been a better time for the India-born, US-trained Indian to move back to India to start a startup or help build massive tech companies.
In fact, I myself moved back to India after 9 years in the US last year.
If you are looking to move back to India, I can’t wait to hear from you. Please DM me on Twitter.
India-born, US-trained Indian (software engineer at Google) moving back to India to join a friend’s startup in Mumbai.
Notes like these keep me going.
Zomato buys Uber Eats in an all-stock deal Link
Y Combinator selects 26 Indian startups Link
India is becoming a popular destination for foreigners to chase their startup dreams Link
Jeff Bezos bullish on India, will invest $1 billion to digitize small businesses link
Mastercard in talks to invest in Pine Labs link