[helsinkiandrew]

> And with $160MM in funding at a $1.1B valuation? I don't know about their debt, but to get to LEO in 8 years on that little money is extremely impressive.

Interestingly that's $5 million less than the the movie Interstellar cost to make.

[appplication]

It’s interesting that this is less funding/valuation than hundreds of other random B2B Series C/D companies that may not even exist in 5 years.

No point, just perspective.

[Imustaskforhelp]

Indian VC's don't really have the same appetite for deep tech as compared to America/Europe. R&D within Indian Enterprises is significantly less as compared to its peers.

From what I know, its partially because of how taxation structures incentivize research as R&D tax breaks or similar don't particularly exist in India

All of this makes founders more likely to move abroad where such research is more valued which makes even less Indian deep tech startups and successes exist. This creates a vicious cycle.

I would also consider that Indian VC scene as compared to America undervalues quite decently even for B2B or even supposing identical companies and even then, Sequoia and some other American VC firms are still the most valued and I feel as if that given their expertise and contacts (other companies that the VC's have invested in being in America), there would be a slight push towards Europe/America in general. Another argument could very well be that in India CS engineer labour costs much less which is honestly some of the largest expertise for any company.

Though Indian VC scene is thriving and Bangalore is interesting but still Silicon valley is different.

There was a blog post which talked about VC dynamics and VC's value your product not on how much the real value they really see in the project is but rather on how much money you would require. So ironically, projects which require larger budgets/funds for researching, larger salaries to work would then have larger valuations.

[puszczyk]

Thank you for sharing that perspective; I'm from Eastern Europe and have had many Indian colleagues over the years (both in the EU and working remotely). I always wondered, given the super deep talent pool and many founders originally from India, why we don't see that many Indian companies on the global stage.

I guess Eastern Europe is a bit similar (in the fact that it had a brain drain; although maybe less so since my country joined the EU), but also have a unique challenges, i.e., the EU market is fragmented and the companies need to break into a market by market.

[smackeyacky]

Indian companies just don’t have the contacts and background to access capital in the way that “yeh we went to school together” that opens more doors. It often seems like VC is designed to keep the idiot sons of the aristocracy occupied rather than being about building anything great.