This Article is From Sep 09, 2015

'India's Smelling Like Silicon Valley,' Say Start-Up Executives

The buzzing start-up space is attracting some Indian talent back from the Us and other countries.

"Now you have the re-independence to take an idea and take it to completion." That's Tanmay Saksena talking to us at the Zomato headquarters in Gurgaon, nine years after he returned to India. Tanmay quit his job with Hindustan Unilever in 2006 and move to America for better opportunities. An MBA from Stanford, he was soon among Silicon's valley's sought after talent.

But towards the end of 2014, like many of his peers, he couldn't ignore India's buzzing start-up space.

"The opportunity to think independently, the opportunity to own projects and just run with them and people usually here used to find things very bucketed. That has now changed."

Tanmay got in touch with Deepinder Goyal, the man behind Zomato, an online restaurant search portal, and today heads their online ordering team.

"What they are starting to see is a very similar ecosystem being built here, which they saw earlier on back in the US or even other parts of the world. So they come back with this cross-cultural knowledge and are able to take us to the next level," explains Praneet, Zomato's recruitment head.

A top recruit, specially a techie, can earn anywhere between four and six million dollars here, as the big daddies of start-ups match dollar salaries.

But is the best talent overseas or here in India? A bitter and very public battle between e-commerce giants showed just how deep the divide is over hiring. Flipkart founder Sachin Bansal took on Snapdeal's Rohit Bansal after he suggested that India does not have enough software engineering talent.

But even as Bangalore beckons Indian professionals from the Bay Area, not everyone agrees on the need to look outside our borders.

"Top technology companies on this planet are now being run by Indians - who were born and did their initial education out of India - be it Google or whatever," argues Raman Roy of Indian Angel Network.

The debate isn't ending in a hurry, but perhaps Tanmay sums it up best when he says, "India is smelling like Silicon Valley."
 
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