Indian software product companies, which are planning to raise venture capital (VC) funding, will have to ensure that their domestic and emerging market focus is sharp.
Indian IT start-ups, which are introducing software products, have better prospects of availing VC funding, according to many VCs.
It has always been difficult for start-ups in the software product space to compete with the global software giants, even in the domestic market, they note.
This is a reason why many Indian IT start-ups in the product space are specializing in areas such as fraud detection, mobile VAS and e-commerce portals to address the local business problems.
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Indian IT start-ups, which are introducing software products, have better prospects of availing VC funding, according to many VCs.
It has always been difficult for start-ups in the software product space to compete with the global software giants, even in the domestic market, they note.
This is a reason why many Indian IT start-ups in the product space are specializing in areas such as fraud detection, mobile VAS and e-commerce portals to address the local business problems.
Read More Article...
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