Bengaluru: Y Combinator, one of Silicon Valley?s most influential startup
incubator, is witnessing a key c

Bengaluru: Y Combinator, one of Silicon Valley?s most influential startup
incubator, is witnessing a key change in the startup applicants and graduates
from India for its programme.

Quite a few of them are staying in the country to build and grow their
companies, as they focus on solving problems for the second-largest internet
consumers globally, Adora Cheung, partner, Y Combinator told ET.

The growing proliferation of smartphones and improved internet access across the
countr?..

Quite a few of them are staying in the country to build and grow their
companies, as they focus on solving problems for the second-largest internet
consumers globally, Adora Cheung, partner, Y Combinator told ET.

The growing proliferation of smartphones and improved internet access across the
country is also aiding the shift, she added.

?Previously, global SaaS (software-as-a-service) startups who would primarily
sell business-to-business (B2B) software to companies in the United States and
Europe were the most common ideas (coming in for Y Combinator). However, in the
past two years, founders are staying in (or even going back to) India to build
and grow their companies ? because that is where their customers primarily are,?
Cheung said.

Y Combinator, which incubated internet leaders like Airbnb, Stripe and DropBox,
has backed more than 50 Indian companies, including Meesho, Razorpay and
Cleartax, among others.

?Indian startup ecosystem is starting to look like Silicon Valley did in its
early days, since we now have the first generation of successes with Flipkart,
Ola, Oyo and Paytm among others, which will lead to the second generation. We
believe there are now several $10B+ companies to be built just for India,?
Cheung added.

In March, the famed startup accelerator conducted interviews for shortlisted
applicants in Bengaluru, the first time it has hosted interviews outside the
United States.

This led to a 50% increase in applications from Indian founders for the Summer
2019 batch of its programme, and also saw 12 startups being selected for the
batch, with almost everyone focused on the Indian consumer.

Earlier this month, Y Combinator announced it would be interviewing potential
applicants for the ?..

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