India’s startup market has tremendous potential

India’s startup market is worth betting on, though it’s still “a few years” behind China’s, Facebook co-founder Eduardo Saverin said. 

During a panel discussion at the Forbes Global CEO Conference in Singapore this week, Saverin said his investment company B Capital is deploying “a lot of dollars” into India and is thinking about the long-term success of new companies there. 

“I think India is a huge market with just tremendous potential,” Saverin said, in response to a question on why India’s startup ecosystem has not generated better returns. 

“And I think as the market continues to mature, and as you get into a better macroeconomic environment, it is a market to bet on, combined with…