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When I decided to move to India earlier this year to build @loophealthhq, most of my family in the US and in India were shocked.
Like many migrants, my dad left India in 1986 and came to America to chase opportunity. Not even 1 generation later, I went back.
Thread.
Like many migrants, my dad left India in 1986 and came to America to chase opportunity. Not even 1 generation later, I went back.
Thread.
I was born in the US and attended American public schools all my life.
Every few years, we'd visit family in India. I was always reminded that my life in the US was better than my familial counterparts in Nagpur and Delhi.
In many ways it was true.
Every few years, we'd visit family in India. I was always reminded that my life in the US was better than my familial counterparts in Nagpur and Delhi.
In many ways it was true.
But a few years ago, I started to read stories of startups being built in India that grew to millions of MAUs/DAUs in a matter of months.
Oyo, Ola, and Swiggy all reached unicorn status in less than 5 years. Valued at a billion USD, generating cash in INR. Wild.
Oyo, Ola, and Swiggy all reached unicorn status in less than 5 years. Valued at a billion USD, generating cash in INR. Wild.
Thiel has been talking about this for a while.
"...capital should be flowing from the developed to developing economies in order to generate the highest returns."
And it's not just about the capital. It's about exporting ideas too.
"...capital should be flowing from the developed to developing economies in order to generate the highest returns."
And it's not just about the capital. It's about exporting ideas too.
The opportunities that exist in India are many times that of the US. GDP is growing at 2x the rate of the US and will continue growing faster.
Average wage is on track to quadruple from 2013 to 2030.
Average wage is on track to quadruple from 2013 to 2030.
The venture category is emerging in India as an increasing number of exits are leading to new investors who flush their capital back into the early-stage ecosystem.
The velocity of this reinvestment loop is increasing. https://www.sciencedirect.com/science/article/pii/S0970389617304664
The velocity of this reinvestment loop is increasing. https://www.sciencedirect.com/science/article/pii/S0970389617304664
And even better, as US investors look to back Indian companies, they do so at prices on par with US startups.
Raising a round at US valuations means that the dollars go farther in early rounds. Indian Cos can hire more talent and test more ideas in the market to find PMF.
Raising a round at US valuations means that the dollars go farther in early rounds. Indian Cos can hire more talent and test more ideas in the market to find PMF.
Take a look at the space we're operating in at Loop Health.
Today, only 15% of India is covered under a health insurance plan. This is growing wildly fast.
And, health insurance only covers hospitalizations but is eating up more and more of healthcare spend.
Today, only 15% of India is covered under a health insurance plan. This is growing wildly fast.
And, health insurance only covers hospitalizations but is eating up more and more of healthcare spend.
I understand why my family is surprised by my return to India, but if you do the math the decision is an obvious one.
India is the place to build big businesses quickly.
India is the place to build big businesses quickly.
If you're thinking about moving to India to build a company, I'm happy to chat! DMs are open.
