BENGALURU -- Foreign investors have the potential to make or break upcoming tech IPOs in India as domestic funds remain cautious about backing loss-making young ventures.

Foreign investors are betting on India's burgeoning middle class and growing internet-savvy population, while their domestic counterparts cower at the lack of profitable exits from startup investments. (Nikkei montage/Source photos by Reuters, Getty Images and AP)
While domestic managers exercise caution, overseas funds take opportunities