Two Paths Taken In India: Kleiner Quits, Sequoia Charges Ahead
It’s interesting to see two top-tiers Sand Hill Road venture capital firms take opposite directions in India as overseas investor interest in the market picks up under new government leadership and expectation of fiscal reforms and economic growth.
India has been a tricky market for venture capital investors. It’s still early. Venture capitalists from the Valley who entered the Indian market about a decade ago have seen few exits either through IPOs or M&A — aside from the trophy success stories like Make My Trip, which went public in New York in 2010.
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