China’s crackdown on its technology industry means global investors seeking emerging-markets exposure will turn their attention to India, said Sumant Mandal, a managing partner at U.S. venture investor March Capital Partners.
Investors are now putting more weight on “government risk” as they assess Chinese technology companies, Mandal said in a video interview. Indian startups in areas such as internet and cloud software offer strong growth prospects but without a similar risk profile, said Mandal, co-founder of the Santa Monica, California-based firm.
Chinese regulators are reining in unruly internet companies in a campaign that spans everything from gaming to “money worship,” raising questions about their growth and earnings prospects. While India’s internet industry is trailing far behind that of China in size, it’s recently produced new billion-dollar startups and initial public offerings at an intensif
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