[throwaway158497]

Hard disagree. There is no evidence that startups of India are helping the GDP or improving the lives of rank and file Indians. In my understanding, right now, all these VC funded businesses are catering to top 100M of Indian population, people who are already living US-lifestyle in India.

[RestlessMind]

So what's your point? In 2009, Tesla catered only to 0.1% of the US population. Mainly SV elites and their likes.

[SkyMarshal]

I can see that being the case, no doubt. But for at least some new products and services, building and scaling them up to a billion+ person market requires starting with the 100M+ affluent Indians first. Then scale up from there. Tesla and electric cars is one example of this.

[throwaway_1928]

+1. I think they are just trying to mirror the tech oligarchy we see elsewhere. A handful of rings to rule them all and in the darkness bind them.