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Created by : Pranav Chowdhary, Team Lead, Wipro  | 08 20 2008 22:59:27 +0000
Industry : IT ServicesFunctional Area : New Technologies(Technology)
Activity:  307 views;  last activity : 07 06 2010 20:18:09 +0000
Recently many VCs are closing their funds on technology and moving towards other sectors such as retail services, education and financial services. What do you think the reasons behind it ? Do you think Venture funds will return to technology entrepreneurs ?
 
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Yes I agree with you pranav, with an estimated ten-fold increase in the middle-class population and three-fold rise in household income where aggregate consumer spending in India is likely to be more than previous years. India is sure shot to become the largest consumer market in the world and that will definitely interest VCs to enter this markets.
By Rajshekhar Angadi, Project Manager, CMC  | 08 20 2008 23:15:27 +0000
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I feel the reasons could be the rise of entrepreneurial activity in India in other sectors which is growing fast & domestic consumption-led sectors is where they would be targeting their investments.
By Pranav Chowdhary, Team Lead, Wipro  | 08 20 2008 22:59:27 +0000
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I don't agree with you people, rather VCs will continue its focus on technology-powered businesses even if they expand into consumer services because factors like the rapid increase in mobile and Internet penetration in India are further paving the way for innovative technology products and services that to cater to the domestic market. In addition, Domain focused outsourcing and technology products continue to be focus sectors.
By Joydeep Banerjee, Project Lead, Infosys  | 08 20 2008 23:20:48 +0000
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