Digital Planet > On the Record > Indian tech unicorns are gaining at China’s expense. Is this a blessing or a bubble waiting to burst?

Indian tech unicorns are gaining at China’s expense. Is this a blessing or a bubble waiting to burst?

Bhaskar Chakravorti writes: The last thing India can afford is a bubble that bursts and for capital, talent and technology to take flight and seek refuge elsewhere.

September 25, 2021

In his latest article in The Indian Express, Fletcher Dean of Global Business Bhaskar Chakravorti explains that the last thing India can afford is a bubble that bursts and for capital, talent, and technology to take flight and seek refuge elsewhere.

Excerpt taken from “Indian tech unicorns are gaining at China’s expense. Is this a blessing or a bubble waiting to burst?”Bhaskar Chakravorti, The Indian Express

Tiger Global Management, a New York-based investment firm, has a reputation for tracking and hunting unicorns — startups with billion dollar-plus valuations. This year, if we were to track the Tiger’s shifting gaze, we would catch sight of an interesting migratory phenomenon: Fewer unicorn sightings in China — ordinarily the biggest unicorn habitat outside the US — and the beginnings of a unicorn stampede in India. While the shifting of the Tiger’s gaze cannot be good for China, I worry it may not be good for India either.

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