Indian Startups To Get Easier Access To The German Market.


Govt of India’s Startup India and German Startup Association, are likely to sign a startup exchange pact, by which Indian startups are likely to get easier access to the German market.An agreement will be signed between Startup India and the german Startups Association, which has about 650 startups and 50 partners, including corporate entities and venture capital firms, and coordinates with the United States, China, India and Israel.Three German startup working in renewable energy sector have sought support to collaborate with Startup India to explore business opportunities.VC firm Rocket Internet had entered the Indian market with Jabong, FabFurnish and Food panda but is failing now.SAP, which another German company engages with over 400 startups across the country through SAP Labs.Sapphire Ventures had invested in companies like PayTM’s parent company One97, iYogi and Newgen technologies.StartupWave, India’s first virtual incubation platform is being set up under the partnership of GIZ(German Development Agency for Technical Cooperation),DfID (UK’s Department for International Development) and Intellecap.

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