In a special report for CNBC.com, Joel Dreyfuss leverages Venture Intelligence VC Deal Data to explain "Why many US start-ups are trying to crack the Indian marketplace". Extract:
"A number of big players have tackled the Indian market. Currently, online retailer Amazon is engaged in an epic battle with Flipkart, an Indian start-up that raised $1.4 billion in its last venture round in April. Ride-hailing service Uber is chasing India's Ola after giving up a solo bid in China and merging its assets there with rival Didi Chuxing.
The Indian market is far more open than China," says Arun Natarajan, CEO of Chennai-based Venture Intelligence, which tracks private equity and venture investment in the Indian market. "Companies from the U.S. and elsewhere don't have to do joint ventures to come in here."
.....India has its own expanding venture capital market. Venture Intelligence, which tracks VC investments in India (defined as $20 million or less), reported that Indian VCs made 405 such deals involving $1.4 billion last year.