A Slow Start for Indian Startups?

Justin Hibbard

To read some of the more breathless U.S. technology media, you'd think there's a high-tech gold rush going on in India. Not so, says Rahul Bhasin, managing partner at Baring Private Equity Partners India, a New Delhi-based VC firm. When Bhasin and I chatted today, I asked whether there's any truth to the fairytale stories we read about Indian entrepreneurs striking it rich in the U.S. and then returning home to start or fund new companies. "I think there’s a lot more talk of that happening than is actually happening," he said. "What I’m seeing a lot more of are entrepreneurs buying a second home in India."

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