More evidence of global investors’ growing interest in India’s startups: Google’s new investment arm is setting up shop in the country.
In what will mark the first such expansion outside the U.S., Google Capital — a wing of the tech giant that invests in mid-stage technology companies — is interviewing candidates for a position to lead their efforts in the populous nation.
“It makes a lot of sense to focus on India right now,” Google Capital partner David Lawee told The Wall Street Journal. He noted that the country of 1.2 billion recently surpassed the U.S. in terms of its number of Internet users, and that local entrepreneurs “are responding” with “innovative” offerings for the domestic market and thinking about global growth, as well.
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