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Startups that launched at Y Combinator S16 Demo Day 2

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Re: Startups that launched at Y Combinator S16 Demo Day 2

#3
post #2

Can someone explain why their are so many startups concentrating on India? Is it in part due to the overall expansion of the internet and economy?

AFAIK, Y Combinator had a particular focus on international startups for this round, and India is an enticing emerging market.

Re: Startups that launched at Y Combinator S16 Demo Day 2

#6
post #2

Can someone explain why their are so many startups concentrating on India? Is it in part due to the overall expansion of the internet and economy?

Relevant article from a couple of days ago: http://timesofindia.indiatimes.com/trend-tracking/The-Y-Comb...

A few snippets:

- "Once upon a time, bright graduates from top Indian colleges took up wellpaying jobs with MNCs or headed to the Ivy Leagues for higher education. That is passe. More and more of them now harbour startup dreams."

- "There is no doubt that India will be the fastest growing economy in the world for the next 10+ years. We will see many more $100M in revenue businesses being built in India"

- "The first startup we funded that focused on building for the Indian market was ClearTax in 2014. The Times of India wrote a story about ClearTax being in YC - and after that we started seeing more Indian founders applying to YC. The increase in Indian companies in YC is likely reflective of the fact that we're seeing more applications from India. After the US, India is the country that sends us the most applications."

Re: Startups that launched at Y Combinator S16 Demo Day 2

#7
post #2

Can someone explain why their are so many startups concentrating on India? Is it in part due to the overall expansion of the internet and economy?

total 3 out of 92 is 3.2% of total.

GDP (PPP) of India vs United States (ppp) is 30%.

So..

Re: Startups that launched at Y Combinator S16 Demo Day 2

#8
This is an awesome list, I find the drone defense an interesting one too. There have been reports of drones near Moffet being commandeered and then sent into the Bay. Seemed like it would invoke a lawsuit, but if law enforcement was doing that, I could see it working out.

Re: Startups that launched at Y Combinator S16 Demo Day 2

#9
post #2

Can someone explain why their are so many startups concentrating on India? Is it in part due to the overall expansion of the internet and economy?

My guess is that the market is getting crowded in developed countries. It's easier to find a simple solution for a large problem in a place with scarcity of good developers.
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