Regional Report: India

Silicon Valley is often touted as the apex of innovation, having always received a flood of risk capital to find the next big thing. It has germinated pivotal technology companies, such as Facebook, Google, PayPal, Twitter, Salesforce, Airbnb and Uber. These companies first proved their products in local ecosystems, then scaled the US market, and eventually transcended borders.

They can claim comprehensive success in dominating the “first billion” market, and in cementing Silicon Valley as the centre of the technology…