Light at the End of the Tunnel

Sethi shares his insights for India's startup industry amidst the slowdown

Sudhir Sethi, Founder and Chairman, Chiratae Ventures, shares his view of the logjams in the next round of funding especially in the wake of funding winters and the GoMechanics and SVB debacles. He says “All is not lost. I want to share with you how the ‘start-up industry’ is growing today and how we see it in the market space. Of course, there is Morgan Stanley's prediction that 20% of the world's GDP will be powered by India in a 10-year cycle. Consumption is increasing. Exports are improving drastically right now; the market cap of public equities has crossed the GDP. This has happened in many countries where new tech is emerging in a very big way.” “Renewables are increasing day by day. So what we are seeing is a very drastic change on the ground leading to a different investment climate in the country. In the next 5-6 years, India is likely to absorb approximately $350 billion worth of PVC tech capital, most of it will be tech and return approximately $300 billion.”