
How India can keep startups from moving to Singapore
By Shruti Chakraborty
Quartz
You can start a business in three days here. AP Photo/Wong Maye-E
Many Indian startups have faced this dilemma at some point—stay home or head for the country top-ranked in “ease of doing business.”
+
Home, for what it’s worth, ranks 134th on that list, put out by the World Bank.
+
And so, many leave. In 2013:
+
Mobikon, a cloud-based customer engagement platform for restaurants moved its base to Singapore;
AdNear, a mobile-advertising company set up in Bangalore in 2009 and backed by Sequoia Capital, also moved its headquarters to Singapore;
Venture capital funding among tech firms in the city-state topped $1.7 billion; meanwhile, tech companies in India attracted...