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Jayant Mundhra
•

Dexter Capital Advisors • 1m

I genuinely feel sad when any Indian startup boasts about being funded by Y Combinator 🙏🙏 That is so because there is this unwritten rule that YC only invests in startups which are registered in the US, Singapore, Canada or Cayman Islands. So even if you do all your business in India, you end up having to get your startup’s domicile shifted out of India to one of those options. Or else, you don’t get that brag-worthy cheque from YC. .. I know many Indian startups that had to change their domicile to those nations. To start with, Zepto and Razorpay - which have now moved back to benefit from the favourable regulations in that sector, and an IPO that is likely in next one year. And almost all such founders that I know agree that the hassle is not worth it in the longer run, because it drives up the compliance burden even more than what it is for India-registered businesses. .. And there is one more problem. You see, the Govt of India has a Startup India Scheme, to benefit from which, a startup must be incorporated and domiciled in India. - Approximately 1.6 lakh startups are registered under the programme, offering a range of incentives - But, every time YC funds an Indian startup, it becomes ineligible to register for the flagship startup promotion schemes of its own country, because it’s no more domiciled here Tell me, does that sound good?

12 Replies

Replies (12)

Vishu Bheda
•

Medial • 1m

look, yc isn’t being unfair. they just play by global rules. if you want their money, you follow their structure. simple. a lot of top indian startups did it—zepto, razorpay—they changed their base, grew fast, and now they’re close to ipo. does that make them less indian? not really. sometimes, to win big, you need to step out of the system, not just sit and complain about it. it’s not about selling out. it’s about scaling up.

1 Reply

Anirudh Gupta

CA Aspirant|Content ... • 1m

OMG that's too bad...we really need a yc equivalent here. or else we might lose big time

Balram

Balram kushwah • 1m

I want to start spice grinding and packing business in Madhya Pradesh which will grow rapidly in a very short time. I need funding.

Havish

. • 1m

That's exactly why we need YC equivalent for India too. Surge by Sequoia Is one, but they are nothing when compared to YC.

Greg

👤 • 1m

yeah, that's the downside of it.

Divyam Gupta

Building products, l... • 1m

I think Zerodha is at the right position to become YC for India.

Vishwa Lingam

The AI Entrepreneur ... • 1m

so is there an alternative for Ycombinator in India to promote Indian startups

Bala Saravanan

A passionate entrepr... • 1m

this is the reason, I have stopped registering YC online application half the way.

Anonymous 1

Hey I am on Medial • 1m

imagine building in india, paying taxes here, hiring here, but technically being a “foreign” startup. no wonder we can't list success stories proudly.

SamCtrlPlusAltMan
•

OpenAI • 1m

It’s hilarious that govt wants to promote startups but makes it so hard to run a global-ready business without a compliance nightmare.

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