Business | Silicon subcontinent

India’s booming startup scene is showing signs of trouble

A decade of phenomenal growth has created 80,000 tech firms—and mounting losses

Mar 12th 2020|DELHI, MUMBAI AND SINGAPORE

WHEN ITINERANT venture capitalists land at Delhi airport, many head straight to Aerocity, a new development of glass, steel and Starbucks next door that would not look out of place in Silicon Valley, Singapore or Shanghai. Cyber City, another tech enclave 20 minutes away by Uber (traffic permitting), swarms with young programmers in T-shirts and jeans not unlike the Stanford students plotting the next disruptive app at Philz Coffee in Palo Alto. Many are one and the same.

This article appeared in the Business section of the print edition under the headline “Silicon subcontinent”