Which is why, when Mumbai-based startup Repaireasy was looking for funding, it found support from angel investors not just at home but also as far away as Australia. "The flow of money is a big plus for Indian startups. Additionally, participation by foreigners also helps Indian startup players gain access to their networks abroad," she said. So he roped in five more people , including Google's senior vice-president for ads and commerce, Sridhar Ramaswamy, to help raise $2,50,000. "Foreign investors help get a lot more global perspectives at a strategic level since some of the foreign markets are much ahead of us," said Hippily CEO Viswanath Ramachandran.

Source: Economic Times August 17, 2016 19:07 UTC