India Ecosystem for Innovation

Will India’s bustling technology scene give rise to the next Google? It’s the wrong question, say three veterans of the private capital markets. Mukul Gulati of Zephyr Peacock India Management, Sev Vettivetpillai of Aureos Capital (an Abraaj division) and Parag Saxena of New Silk Route discuss the nature of India’s venture capital and innovation ecosystem, and how it gives rise to crucially needed adaptations of Western ideas–sometimes called “Gandhi engineering” or “frugal innovation.”