The IPO of Freshworks in the US will make India join Silicon Valley, Israel, and Scandinavia as a technology product creator over the next decade, believes Haresh Chawla, partner at private equity firm True North.
“India has come to a stage where services like Zenoti, Zoho, BrowserStack, and Postman are trying to create global products out of India. What we are going to see in the next five years is going to reset India completely; much like what China went through about 20-30 years ago. We are likely at the same moment,” Chawla said at a fireside chat titled New digital scripts India will play to in the post-pandemic world and beyond at the Asia PE VC Summit on Sept. 28.
According to Chawla, India has created a digital backbone, wherein the country’s software companies are in demand. He highlighted how the market caps of traditional tech behemoths such as TCS and Infosys have shot up.
Watch the full video of the fireside session moderated by Govindraj Ethiraj, founder, BoomFactCheck.