2017 to Be a Better Year For Indian Startups: Qualcomm Ventures
Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies.
"2016 was the hardest year, and that is behind us. 2017 will be a better year. There was a crunch in investment dollars, especially Series C and Series D investments," Varsha Tagare, senior director, Qualcomm Ventures India told Pixr8.
"Funding in early stage is not gone down, but there is more selective funding. What is needed is more well-defined companies after the early stage," she said.
The USD 150 million fund will be our only funding vehicle for the venture firm, she said. She pointed out that the ecosystem in India is quite mature, as there are several ...