Europe

“If you look at our focus, we are very deliberately focused on global emerging markets. You know, as, which, as I mentioned in India, Southeast Asia, Africa, Latin America, and GCC, we do not really invest in the US or Europe.”

“And automating anything in India and Indonesia is far tougher than doing it in say Europe or US, right? Because the infrastructure is slightly better.”

“If you want to become a large, big powerhouse of a software company out of India, ah, still you need to take, tackle the topic, ah, and have this, ah, go to market feature, the U.S. And, as well, in, in Europe, in the foreign part of your, the game plan, rathe…”

“So I think abhi even like people are saying access to capital come ho gaya hai, but phir bhi agar koi jage hai invest karne ki te toh, that's probably still India. Because you know, the whole, all the hopes on China are not playing out as well. US, Europe, two…”

“The United States, the biggest power followed by China and India, and Europe is lost. Europe is an aging digital colony for the US.”

“And then I realized that U.S. And Europe, people just buy fine jewelry at not so high prices. They don't invest 50,001 lakh to buy a jewelry. They just buy it for 10,020 thousand. Unless it is a wedding ring, et cetera, where they would go for an expensive jew…”

“Europe cleaned up its water bodies only in the sixties, seventies. The Thames in London was cleaned up only 20 years back, right?”

“बैंगलोर का एरपोर्ट देखेगा, मुंबई का देखेगा, देली का एरपोर्ट, हाइदराबाद का एरपोर्ट ये एरपोर्ट इस समय फ्रैंक्फर्ट और लंडन एरपोर्ट से ज्यादा अच्छे हैं और हमारी सडके इस समय योरप की सडकों से ज्यादा अच्छी बन रह”

“You can just start out and become successful only doing business in India, which is impossible to only do that in one country in Europe.”

“And SaaS, I would say, is 80% of all startups you see, they would be fitting into the SaaS category, and we also see that in Austria, we see that in Germany”

“We also see more secondary funds also entering Europe, and this also provides more liquidity. Because we had quite a situation where it was quite hard for VC fans to exit their current portfolio, which put a lot of pressure on them, because LPs wanted to have …”

“Also, like, it's basically starting at Series A, B, that you need to go to a US fund, basically, if you want to raise really large sums, because there's just not a lot of options in Europe”

“Doctors in India tend to create a full market for themselves by going into these you know, they go to the Middle East or go to Africa or some countries in Europe, they would go there, they will carry out their OPs over there. They'll see the patients. They wil…”

“If in Europe also, if I'm not wrong maybe UK, France Germany, and Holland, only five countries have direct flights to India. There's no direct flight from Spain. There's no direct flight from Switzerland, no direct flight to Italy.”

“I think it is going to be there every summer now because Indians are getting richer.”

“Yeah, I think it's a real risk for Europe that it becomes a place where We regulate technology we didn't build, and I think that's a huge mistake.”

“Like, there are very few sectors where the UK is a big enough market to be a publicly listed company if that's your only market. Same for Europe.”

“We've chosen not to regulate AI like the Europeans have, and, you know, we generally have had a more permissive regulatory system than in Europe.”

“There's only a handful of companies in Europe which have the appeal to new graduates or people in AI, as Bendy Spoons does. And so, for 99% of companies, they will struggle to attract capable people in the field.”

“In the US, people who succeed, they tend to be applauded. In Europe, Italy, particularly, people who succeed, the first reaction tends to be is there something fishy behind it? Like, that's, there's no reason for it, but that's what a lot of people will start …”

“I feel Europeans tend to be more traditional in nature, more risk averse, more process and bureaucracy oriented Americans are more pragmatic, more entrepreneurial, more innovative, more aggressive with the good and the bad that comes with it. And when it comes…”

“We have managed to get a cheap oil from Russia because they couldn't sell it in the global market. So we have been buying the oil, refining it, and selling it to Europe at a profit.”

“There's very little off note, sadly, that's happened in Europe by way of entrepreneurial businesses. It's just never, the environment has never been conducive to entrepreneurs.”

“In Europe, they said, We must regulate the app. App for them is like a car. Yeah. So they say we'll not put a car on the road until it is safe for its occupants. And we can't trust the car maker to do the testing to determine whether it's safe for the occupant…”

“But we're not seeing anywhere close to the amount of innovation or even applications companies built on innovative infrastructure out of India that we're seeing in the US and to some extent Europe and China as well.”

“Innovation is going to become not just concentrated in one country anymore. It is going to be India. It's going to be China. It's going to be Europe. It's going to be Japan, right? So there's going to be a lot more fragmented innovation that's going to happen.”

“Frankly, the European attitude surprises me because they are de-industrializing. I mean, for 5060 years, they have been dealing with Russia, they've benefited, particularly Germany has benefited from low energy prices, reliable energy supplies.”

“So the Russian strategy is a defensive one.”

“If I look back, we should have entered into Europe earlier. Then we, obviously we were a little late to enter in the US market. . But you didn't have the money, so how would you have entered? Yeah, I mean, so, We tried to kind of like, sometimes in, in the US …”

“Europe and also Switzerland is not very well known to do IPOs with startups. Pretty much all deals are either with buyout funds or private equity or M&A deals.”

“So if you go for the most diverse ecosystem it's definitely Switzerland.”

“Alps Initiative, where we have the biggest super computing in AI in Europe with 1.3 million cores.”

“When we talk about supply, which is building out more tourist attractions and more hotels, so clearly that in, in the US, Has stabilized. So there isn't net new growth in supply as much. And it's actually slowed down a little bit in Europe. It's kind of simila…”

“Demand domestically in the US is I would say static, but internationally, there has been a slowdown in terms of traffic into the US because of this whole tariff situation, et cetera. Europe is, again, holding steady and again, even from a demand perspective, i…”

“I mean, look, I'll tell you, Europe is pretty slow. Siddhartha Ahluwalia: Yeah. Sudheesh Nair: But the US, absolutely.”

“So today about 55% of revenue comes from the US, about 17, 18 comes from Europe, 26 something comes from Asia.”