Which start-ups with an Indian link found mention in Meeker report? Read here

Sequoia Capital, other invest $11.5 million in Meesho

Seven start-ups with an India connection have found their way into Mary Meeker’s Internet Trends 2018 report. These startups have been founded or co-founded by first-or second-generation immigrants of Indian origin and are among the most valued tech companies in the world.

“Immigration remains important for US tech companies. More than half of the most highly valued tech companies in the US are founded by first or second generation immigrants. Uber, Tesla, WeWork, and Wish all have first-generation founders,” says the report.

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Meeker added, “China and India and the US are the only markets that have relative GDP that is rising, others are falling.”

Meeker, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, presents her Internet Trends reports on the tech industry every year and they have become an annual event.

Last week, she presented her annual report on Internet Trends 2018 at Recode’s Code Conference at Rancho Palos Verdes in California, US. This time around she focused on the falling prices of devices, proliferation of WiFi networks, digital payments, messengers, and new content types.

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Seven Indian Origin Tech start-ups with Indian connection

The tech startups founded or cofounded by Indian-origin immigrants that found a mention

  1. Instacart: Grocery delivery start-up

Founder: Apoorva Mehta
Market value: $4 billion

2. Bloom Energy: Brings affordable clean energy to all

Founder: Dr K R Sridhar
Market value: $3 billion

3. RobinhoodFinancial services company

Founders: Baiju Bhatt, Vlad Tenev (Bulgaria)
Market value: $6 billion

4. Zenefits: Easily accessible health insurance

Founder: Laks Srini
Market value: $2 billion

5. Sprinklr: Unified customer experience management platform

Founder: Ragy Thomas
Market value: $2 billion

6. Rubrik: Cloud data management platform

Founder: Bipul Sinha
Market value: $1 billion

7. Actifio: Data-as-a-Service (DaaS) platform

Founder: Ash Ashutosh
Market value: $1 billion

 

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