U.S. Invests the Most in India’s Startups

According to New York-based CB Insights, U.S.-based investors are the most active foreign participants in India’s start-up ecosystem over the past five years, making over 800 equity deals during the period.

In the list of top five foreign investors in India’s technology ecosystem, U.K., with 1% of deals stood at 5th place; Japan at 4th with 2% of deals; Hong Kong at 3rd with 3% of deals; Singapore at 2nd with 5% of deals; while the U.S. topped with four times the number of deals than investors from Singapore.

Planning in a startup

Business Standard reports: Of the U.S.-based investors, New York-based Tiger Global has been the most active, backing some of India’s largest start-ups, including Flipkart, Ola, and ShopClues, while also making numerous other investments in smaller companies. Hong Kong-based Saif Partners, has backed firms such as Paytm and Urban Ladder. California’s Accel Partners, which has an India unit, made its largest investment in Flipkart through its overseas unit rather than the local one.

Both Tiger Global and Japan-based Softbank have pumped billions of dollars in India’s startup ecosystem in the past few years.

August 31, 2017   No Comments

U.S. Companies to Ship 1.6 million tons of Ethane to India

Planning to replace natural gas and naphtha at its petrochemical plants, Mumbai-based Reliance Industries Limited will procure 1.6 million tons of ethane from three companies in the U.S.

Reliance Industries has three joint ventures in America: one with California headquartered Chevron Corp, in which it has invested $1.7 billion; the second with Houston-based Carrizo Oil & Gas Inc, in which it has invested $392 million; and a third with Dallas-based Pioneer Natural Resources Co., in which it has invested $1.5 billion.

Ethane is expected to be produced in large volumes in North America due to the shale gas revolution, which has generated an abundance of liquefied natural gas, and liquefied petroleum gas, reports the Times of India. Amit Mehta, head of Reliance’s gas business, said that the company has contracted ethane supplies for more than 20 years from America.

Reliance Industries will get its requirement from Marcellus Shale a Middle Devonian age unit of marine sedimentary rock in the Appalachian Basin of eastern North America, and from Texas’ Eagle Ford Group a sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous period.

Reliance Industries

Reliance Industries

August 31, 2017   No Comments

Mobius: Stock Indices in India May Double in 3-4 Years

Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group, an affiliate of  San Mateo, CA-based Franklin Templeton Investments, expects India’s Stock Exchange indices,the  Nifty and the Sensex to double within the next three or four years.

“This is  due to the high growth rate of the country and a more rational interest environment where interest rates are more in line with what the market is able to pay,” Mobius said in a phone interview from Singapore.

Mark Mobius
“Also, you will see the foreign reserves of the country will continue to grow. In addition, if liberalization continues, you will see much more foreign investment coming in, in addition to the domestic investment,” he added.

Mobius explained that as interest rates get lower deposit rates become lower too and this will drive people to invest in equity markets. He believes that though India’s markets are booming on consumption rates currently, infrastructure is likely to emerge as a bigger theme. This will happen “from privatization of the state-owned enterprises; part of it will come from raising money for infrastructure projects, and of course, the way you do that is by making it safer for infrastructure investors to go into the market,” he said.

Mobius added that geopolitical risks bothering India could be of concern, reports Live Mint.

 

 

August 13, 2017   No Comments

‘Made in India’ LinkedIn Lite Extends to 60 Countries

 Sunnyvale, CA-based LinkedIn announced the roll out of its LinkedIn Lite app to Android users in India. Akshay Kothari, Head, LinkedIn India, said, “We have now been able to take all the LinkedIn experience and package it into an app that is less than 1 megabyte. This app will soon be extended to more than 60 countries.”

LinkedIn Lite, a mobile website for faster connectivity in weak network areas, was launched during CEO Jeff Weiner‘s visit to Bangalore in September last year, and is entirely developed by the company’s R&D unit in Bangalore. “We are seeing a lot of growth coming from tier-2 and tier-3 towns due to this initiative. In the past six months, unique visitors to our mobile site has doubled while the engagement on our site has gone up threefold,” Kothari added. The Economic Times reports that students have also been a key growth area for LinkedIn India, due to another India-made product, LinkedIn Placements, that has helped the company improve signups among students in the country, Kothari said.

LinkedIn is investing a lot of time in the learning space, developing more student-oriented content on its platform and on its online learning company Lynda.

LinkedIn Logo

August 9, 2017   No Comments

Cisco Makes India Their Global Export Hub

Hoping to make India a global export hub, San Jose, CA-based Cisco is working with its global component-making partners to help facilitate this plan. “We are working with the global ecosystem providers to set up shop in India and as they start moving in, costs will be less as we will not have to import the same components that are needed to manufacture the product,” Dinesh Malkani, president of Cisco (India and Saarc) told the Times of India.

Cisco

Cisco, which files two patents per week in India, has set up six innovation centers in the cities of Bangalore and Jaipur and in the states of Telangana, Andhra Pradesh, and Gujarat to co-innovate with customers, startups, and partners to build new solutions and products.

 

 

 

 

 

India is one of Cisco’s best performing countries globally over the past four to five quarters. the company launched its first Made-in India product last month, a router, one of the most popular products in its portfolio globally.

 

 

April 19, 2017   No Comments