Indian VC Firms Are Following Founders to Set Up Shop in Silicon Valley
Indian VC Firms Are Following Founders to Set Up Shop in Silicon Valley
Over the past two years, the number of investments by Indian VC firms in the US has exceeded 100, and the number of Indian founders seeking to set up offices in the US has more than tripled compared to two years ago. They are following Indian founders into Silicon Valley, seeking AI opportunities and learning the US market.
For 20 years, Anil Advani, a Palo Alto-based lawyer, has worked on the niche project of helping Indian startups incorporate in the United States. Suddenly, though, Advani’s field is a lot less niche: Every week, a dozen Indian founders seek his counsel on moving to the US, more than triple the rate from two years ago. They’re coming for the AI opportunity and all they can learn about the US market.
Hot on their heels are Indian VCs. Multiple firms have opened offices in the Bay Area and hired executives just in the last few months. Over the past two years, Indian VCs have made over a hundred investments in US-based companies, a Newcomer calculation shows — a number that would have been unthinkable a few years ago.
Source: Newcomer · newcomer.co