<p>One data point from a Rest of World investigation published this week should change how every Indian pre-seed founder thinks about fundraising. Over the past year, only one American venture capital firm — Accel — made the top 10 investors in Indian tech startups. A decade ago, that list would have been half American. Today, it is almost entirely homegrown.</p>
<p>This is not a temporary dip. It is a structural realignment. And if you are building a startup in India right now, understanding what caused it — and what it means for your cap table — is more important than most pitch deck advice you will read this year.</p>
Operator Lessons·Week 504·6 min read
Indian Founders No Longer Need Silicon Valley's Stamp
A decade ago, a U.S. VC on your cap table was the highest signal of credibility. Today, only one American firm made India's top 10 investors list. The playbook just flipped.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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