While Facebook made one of the first MNC inroads into the Indian startup space by purchasing Little Eye Labs, a maker of testing analytics tools way back in 2014. This trend, say entrepreneurs and investors, is highly favourable for Indian startups and the ecosystem on the whole. Says Harsh Shah, co-founder of online fashion platform Fynd, which recently received investment from Google, “Overall it is a big positive for the Indian startup ecosystem. “The lack of funding has meant most Indian startups remained small, without a chance to benefit from a robust capital market and strong IPO offerings. With MNCs finding Indian startups worthy, it creates substantial exits for entrepreneurs and allows for the conversion of ESOPs to hard cash.

Source: dna May 07, 2018 01:52 UTC