Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai

India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum

Indian start-ups need $40 billion-$50 billion of capital a year to be able to go outside the country and conquer global markets, said former Infosys Chief Financial Officer T V Mohandas Pai on Saturday.

“India does not lack in tech talent -- the information technology sector and tech start-ups together employ more than 1.5 million engineers today and that number will hit 10 million in the next 10 years. What we lack is enough domestic capital to support our tech talent,” he said. 

Pai, who is the Chairman of VC firm Aarin Capital, was speaking at the InFinity Forum organised by International