A new breed of successful houses in India are lining up to invest in startups. Some of them have reached out to the government seeking opportunities for investment while a lot of them are getting in touch with startups directly. Ratan Tata and Narayan Murthy surely have inspired these big houses to come forward and support these small businesses.
Small businesses and startups together are going to change the future of this country and this notion is being adopted by everyone be it government or big fat families. The changed mindset will not only empower existing startups but will also open new doors of revenue generation for the already millionaire families.
The idea of investing in innocuous startups is surely new but it is getting very addictive with every passing second. With Alibaba.com, a Chinese giant coming to invest in India has also spiked existing millionaires into doing something for their country.
Apart from investing in startups directly or through venture capital firms, family offices are also taking exposure via venture debt. On Tuesday, Aarin Capital, a fund-of-funds started by Manipal Group scion Ranjan Pai and TV Mohandas Pai, along with Unicorn India Ventures, led a pre-Series A round of funding in tech-focused news and events startup Inc42.
India is undergoing a huge change and it is good to see that corporate giants are joining hands with newbie entrepreneurs and are looking forward to change the face of this enormously potential company.
PayTM, Freecharge, Flipkart, Snapdeal, Ola, Zomato and Grofers are some of the common startups that have ignited the desire in people to pursue entrepreneurship and to help entrepreneurs get where they belong.
It can take another 10 years or 20 but India for sure is going to come aross the world as the biggest and the most successful startup community. With the support from such giants new age entrepreneurs will be able to accelerate their business development processes and do things they always wanted to do with great ease.
Such are the changes that will empower Indian youth to think of new things and do things in a much better way than the contemporary enterprises do.
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