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Google Cloud eyes thriving Indian startup ecosystem amid IPOs

New Delhi, July 18

It’s raining IPOs within the thriving Indian unicorn/startup ecosystem and Google Cloud CEO Thomas Kurian just isn’t solely comfortable to see the rising startup neighborhood, but in addition goals to additional bolster them with the cutting-edge Cloud know-how.

Within the first half of 2021, traders pumped in at the very least $10.eight billion within the Indian startups throughout 614 offers.

In response to the ‘Indian Tech Startup Funding Report, H1 2021’ by Inc42, the capital influx in Indian startups is prone to attain someplace between $19 billion and $23 billion on the finish of the yr.

Zomato and Paytm have fuelled the IPO race in India. Different startups akin to Mobikwik, PolicyBazaar, CarTrade and Nykaa are within the strategy of going public.

In response to Kurian, their work isn’t just restricted to providing Cloud options to startups.

“After we are working with them, we’re bringing all of Google — Develop with Google, assist them put their product on Google Maps, combine with Adverts and so forth,” Kurian instructed IANS.

From Lockscreen platform Look, owned by the InMobi Group that has reached 140 million energetic customers in India (within the first quarter), to vernacular social media platform ShareChat that has over 160 million month-to-month energetic customers in 15 Indian languages, Google Cloud is empowering a number of startups/unicorns within the nation.

Bike taxi service supplier Rapido is driving on Google Cloud whereas vernacular content material platform Dailyhunt can be onboard which has forayed into the quick video leisure house with Josh app.

In relation to Indian startups/unicorn business, Kurian sees three vital duties.

“The primary is to supply know-how enablement for builders and the startup neighborhood and programmes to show them tips on how to use the know-how. Second is to design programmes to make it straightforward for startups to have the ability to entry the know-how in a cost-efficient method,” he elaborated.

Kurian mentioned that in lots of locations, Google Cloud works with the startup neighborhood to take them to the potential prospects.

“In India, many startups speak to us about getting them abroad,” Kurian mentioned.

Google is already nurturing startups by way of its accelerator programme in India.

Google for Startups Accelerator (GFSA) India is a three-month free mentorship and assist programme for startups to utilise the cutting-edge know-how to construct for India and the world.

Over the previous few years, GFSA India has efficiently labored with over 80 startups.

Startups within the area of edtech, healthtech, fintech, retail and logistics, media, productiveness and agritech are being benefitted by the programme.

In response to Bikram Singh Bedi, Managing Director, Google Cloud India, what they’re doing is wanting on the startup journey and strategy them with their wants.

“Early-stage wants of the startups is totally different from the wants of a unicorn or a startup going for an IPO, and we have designed programmes which are meant for various elements of their journey, like coaching, zero credit, mentoring classes and dealing with specialists,” Bedi instructed IANS.

“As they get on to being a unicorn with bigger issues, the engagement mannequin shifts to options. The massive downside in e-commerce is buyer acquisition and these are the issues that we’re working with the startups to resolve within the nation,” Bedi knowledgeable. — IANS

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