India s Total India Focused Fund - 1532 Words

INTRODUCTION India has been a focal point of economic development and entrepreneurial ventures in the recent past and continues to attract traction in funding, fostering and growing startups in the country. To cite a few examples, Sequoia Capital raised its fourth India-focused fund of USD 530 million, chiefly in the technology, consumer and healthcare sectors. Sequoia Capital’s total India-focused funds equals approximately USD 2 billion (http://yourstory.com/2014/05/sequoia-capital-india-fund/). The Indian Entrepreneurship ecosystem has been witnessing a steady growth be it in the form of landmark acquisitions, investments or the opening up of an overall opportunity. India’s biggest online retailer Flipkart raised $1 billion in fresh†¦show more content†¦Indian economy, which contributes to 80 percent of the South-East Asian region’s output, is set to grow by 6.4 percent in fiscal year 2015/16 (http://www.worldbank.org/en/news/press-release/2014/10/06/led-india-so uth-asia-economic-growth-accelerate). Since 1991 India has consistently been among the top 10% of the world’s countries in terms of economic growth (http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/SOUTHASIAEXT/EXTSARREGTOPMACECOGRO/0,,contentMDK:20592481~menuPK:579404~pagePK:34004173~piPK:34003707~theSitePK:579398,00.html). In the agriculture, production and services sectors, India has made remarkable strides in the last two decades becoming the 2nd, 14th and 15th largest economy respectively (http://www.economywatch.com/indianeconomy/india-development.html). What gives India a competitive edge over other developing economies is the fact that 63% of its population is in the working age group of 15-59 years. Given that most studies have concluded that nascent entrepreneurship prevalence are highest in the age bracket 25-34 years, it makes India the cynosure of entrepreneurial and economic investments from across the world (http://ediindia.ac.in/e-policy/Doc/Draft-National-E ntrepreneurship-Policy.pdf). Government Policies The newly elected central government in India is serious and active in creating conducive eco system for venture capital in the MSME sector with a total budget of Rs