News: 33% Indians co-founded start-ups in the US since 2006

C-Suite

33% Indians co-founded start-ups in the US since 2006

Abheek Anand is no ordinary product manager working out of Facebook's California headquarters. The 32-year-old, along with fellow IITian Sohan Majumdar, sold the mobile-based customer loyalty startup Tagtile, which they had jointly launched, to Facebook last year.

Abheek Anand is no ordinary product manager working out of Facebook's California headquarters. The 32-year-old, along with fellow IITian Sohan Majumdar, sold the mobile-based customer loyalty startup Tagtile, which they had jointly launched, to Facebook last year.

Anand and Majumdar represent the new generation of tech entrepreneurs in Silicon Valley. This breed thrives by soaking up the Valley's can-do culture, and by turning ideas into startups that attract the attention of the big fish, an Economic Times report said.

A recent study by Kauffman Foundation says 33 per cent of the co-founders of engineering and technology startups in the US since 2006 are Indians, leaving other immigrant communities far behind. The past 18 months have seen a slew of startups — with at least one Indian co-founder — being acquired by the biggies. Others have tapped the US capital markets with successful listings.

Read the full report here

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Topics: C-Suite, #Updates

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