Chinese investors are very much interested in the India start-ups stories and would like to explore it further, said CEO of Oddup, a startup rating firm.
Oddup’s co-founder James Giancotti also spoke about his outlook for Indian startups, the country’s e-commerce sector and why the market, and not VCs, determine a company’s valuation.
“Most of these investors see India as a booming destination for the next 10-15 years”, Giancotti said in an interview to VCCircle adding they share the same view. “Most investors want a global picture. They are looking at India, Cambodia and China at the same time. We try to give them a global perspective,” added Giancotti, who investors advice on when and where to buy or sell. he added.
This week, making entry in India, the comapny raised $6 million in Series A funding from Bennett, Coleman & Co Ltd. The company has brought 300 startups on board from India, he claimed.
Oddup, is Hong Kong-based start-up, apart from rating startups by assigning them a score between 0 and 100, it also provides data that are of interest to angel investors, and venture capital and private equity firms. It targets startups that are between seed funding and Series A.
It works on subscrition-based service business model. It charge for membership- $49 a month and another for $99 a month.
He also sees other sectors such as fin-tech and health-tech with tremendous potential.
On expectation form Indian market, the company is looking to build presence first. The initial focus will be on brand awareness, he concluded.