Private Equity /VC in India
Is anyone involved in the PE/VC scene in India? What are the prospects in the next five years? How are the deal structuring and regulations different from North American Markets? India seems to be in the middle of a startup boom. Any insights or comments on the topic would be much appreciated.
I have a few friends who work in IB/VC/ PE in India. Here's my 2 cents from what I've generally heard-
While India is in a market boom, markets are still much smaller that US. Deal sizes are much smaller and competition is very high. Heard of a bank being left lead just for league table ranking. India is still a family owned business economy, so PE hasn't quite developed as one would expect it to.
Hiring - Seems to be biased towards IIT/ IIMs. VC firms like to hire IIT/IIMs are they can leverage their network. Also, the number of graduates/jobs available is too high. That being said once you break in, it is much easier to switch.