NEW DELHI -- A growing tribe of private equity and venture capital investors is heading to India's hinterland amid a rise in local tech talent coupled with improving infrastructure, increasing Internet penetration and lower operational expenses.
Funding in third tier cities shows steady increase amid overall slowdown
Bhubaneswar, pictured, is an example of a smaller developing Indian city. © Reuters
NEW DELHI -- A growing tribe of private equity and venture capital investors is heading to India's hinterland amid a rise in local tech talent coupled with improving infrastructure, increasing Internet penetration and lower operational expenses.