Indian Start-Up Market Is Worth Betting On: Facebook Co-Founder Eduardo Saverin

Updated on: 10 October 2022 7:29 pm

The home interiors and renovation start-up has deployed part of the allocated capital in acquiring a majority stake in companies like Qanvast

Livspace Earmarks $100 Million for Strategic Assets Acquisition in Home Interiors Segment Photo: The home interiors and renovation start-up has deployed part of the allocated capital in acquiring a majority stake in companies like Qanvast

Facebook co-founder Eduardo Saverin recently lauded the Indian start-up potential, adding that much of the growth in the country will come from enterprise tech companies that provide services to businesses.

While speaking at a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying “a lot of dollars” into India and is thinking about the long-term success of new companies there.

Saverin said B Capital has put money into an electronic health records company and contract management companies.

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"I think India is a huge market with just tremendous potential," CNCB reported him as saying in response to a question on why India's start-up ecosystem has not generated better returns.

"And I think as the market continues to mature, and as you get into a better macroeconomic environment, it is a market to bet on, combined with Southeast Asia," he added.

India has the third-largest ecosystem for startups globally with over 77,000 startups. Besides India, Singapore remains another exciting destination for investors.