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Sounds like there's a pretty big opportunity for early stage seed funding in India, like, umm, you know, YC? :)

Anyway, there's still a lot of resistance to business and red-tape in India, I think. Couple that with the lack of a professional environment in a LOT of technology companies (the so-called sweatshops) and you have the classic slow bureaucratic anti-thesis of small lean startups. Not sure how and if this will ever change (or if it is already...)



There is one called Morpheus Ventures, which looks like A YC clone to me




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