India's startup ecosystem see nearly 30 percent of total funding originating from investors in the Middle East, says Vikram Gupta of IvyCap Ventures. Mid-to-small-sized investors from the region are looking for multiple funding opportunities in India, he said.
Gupta said: "If you look at how the market is shaping up and how Middle East investors are looking to India, I think there is already quite a bit of investments which are coming into India and this is just not coming directly into startups, these investors have started looking at investing through venture capital funds and other avenues."
He further added: "Indian markets have really scaled up substantially specially with respect to the startup
eco-system. We are talking about almost about 35000 startups in India."
"If you look at the broader pool of capital which is coming to India, I think roughly about $40 billion of capital that we are talking about is coming to India."
"So if you add up all the capital coming from direct and indirect sources, I think it would be at least about 30 percent of the total capital which is coming into India which is originating in Middle East."
As part of CNBC-TV18's special series on Dubai, in the run-up to Expo 2020, Jude Sannith spoke to Vikram Gupta on the kind of interest Indian startups are seeing from the Middle East, and the segments that are likely to benefit from this enhanced focus.
First Published: Feb 25, 2020 11:23 PM IST