Comment by manishsharan

Isn't this deal symptomatic of the typically impatient Indian venture capital investor ? From what I understand based off conversations with friends in Bangalore and Pune, Indians VCs want to either see a company delivering profits almost immediately or be ready for a quick sale to bigger companies. There seems to be almost no appetite to nurture a tech start-up with the kind runway typical of american start-ups. As a result , several Indian tech start-ups are forced into becoming an offshore outsourcing providers.