Technology product startups, angel and venture market comparisons – US and India

There is a lot of activity and interest in technology product companies in India, as there is in the US. I spent some time reviewing numbers from NVCA, VCCircle and pulled some numbers specifically in the areas of Internet, software, technology products and eliminated services companies. Here is a simple table to keep things in perspective. All sources are at the bottom.

	USA	India
Total number of technology (Product & services) companies formed annually (average)	24,169	412
# of companies that secured angel funding	15,233 (1)	65
# of companies that secured seed / early stage from VC	1,682	58
# of companies that secured late stage funding from VC	658	31

I am yet to do any “analysis”. Right now the data validation process is what I am going to embark upon.

What is your analysis.

Relevant Links:

1. Crash Dev – eye of the needle

2. UNH center for angel investment research.

3. NAV Fund John Backus

4. Product Startup Landscape in India from Zinnov . (Thanks Pari!)

5. NVCA National aggregate data for US investments (Excel spreadsheet)

Rajagopalan C

It would make sense to see a break-up of products and services companies.

Mukund, would it be fair to infer from the above numbers that VC interest (early and late) in Indian companies is seeing traction? Purely from a ratio analysis perspective, India seems to be doing better than US with respect to VC investments.