KOLKATA: When Scott Adams, famed creator of the Dilbert cartoon strip, recently told ET that recession is often a perfect spawning ground for serious entrepreneurs, he may have been alluding to what he saw back home in the US. But India may also have gravitated to the same league, according to the venture capital flock.
So much so, the number high-value business proposals have actually surged in India since slowdown began. Indian Venture Capital Association (IVCA)—the apex organisation of venture capital and the private equity industry in India—estimates that if, in the pre-recession era, average seed funding size was around $1.5-2 million, it has now risen to $2.5-5 million.
Slowdown a catalyst for entrepreneurs- Corporate Trends-News By Company-News-The Economic Times