One of the biggest incubators from Silicon Valley, Y-Combinator is now hosting interviews for startups in Bangalore. This is a first for the company, as it generally picks its start-up investments from India based on market performances, demand, growth plans, and other factors. As this company has been seeing an increasing number of applications from the country, they decided to host interviews to make the process simpler for themselves by just meeting founders and understanding their vision face to face.
According to Adora Cheung, a partner at Y-Combinator, this move makes perfect sense. She said “We’ve seen an increasing number of good applications from India and we figured it would be easier for everyone if we came to Bangalore for interviews. We also hope that people who may not have otherwise applied to Y-Combinator will consider applying since interviews are now potentially just a car-ride away”.
Scoring an interview with Y-Combinator is a very big deal. They have already incubated some of the biggest brands in the world, including Airbnb, Dropbox, and Stripe, along with many other prominent names. Furthermore, they have also backed more than 40 companies from India already. This includes names like Razorpay, Meesho, Cleartax, and Inito. Over the last few years, the company has been seeing applications that deal with India-specific problems and vernacular solutions, which is why they decided to simply move some of the application processes to India as well.
According to the company, start-ups can send in applications till April 12, after which they will be called for the interview rounds in Bangalore. The company will also reimburse the travel cost for start-ups that are not based out of Bangalore.
When asked more about why they’ve chosen to further facilitate their investments in India, Adora Cheung said we’ve been investing in India since 2014 and will continue to do so. We’re very excited about many of our companies — especially some of the ones that are starting to go mainstream, such as Meesho, ClearTax, and Razorpay. This past Winter 2019 batch, we funded 8 Indian companies. Our YC alum network in India is almost 100 founders now and it’s growing rapidly.”