The new Silicon Valley: Indian startups broke records in Q3 2021

Q3 was a record-breaking three months for startups in India as they collectively raised. This growth led many to believe that there was an overprice on Indian startups. After all, Indian startups in Q3 topped Q2 and Q1, which had already broken records. Moreover, India also saw a record-breaking IPO when Paytm went public and raised $2.5 billion. So, it’s expected that this surge in investment gets people both excited and cautious. Except, there are a lot of reasons to think that this behavior will sustain itself. That’s what Paytm’s CEO and founder, Vijay Shekhar Sharma, believes and I happen to agree with him.

First of all, although the past two years weren’t as exciting as 2021, India’s growth in the startup sector is not new. There are several factors that we can adjudicate to this. First, of course, there’s the pandemic and, before that, China was hogging all the attention.

However, recent policy changes in China led to less investment there and more attention to India and other countries. As a result, Indian startups focused on fintech saw four times more investment than their Chinese counterparts.

Indian Startups benefit from policy changes

India itself changed policies to motivate foreign investors, applying a philosophy…