Nvidia(US:NVDA) The Economic Times·2025-09-15 01:00Group 1 - Indian investors are increasingly looking to invest in overseas startups, particularly in the technology sector, to capture potential trillion-dollar opportunities [1][4][35] - The trend is driven by the absence of new-age tech, especially artificial intelligence, in India, prompting investors to seek opportunities in companies like SpaceX, OpenAI, and Perplexity [4][35] - The median age at IPO has increased from four years to 12 years, with valuations at IPO rising nearly 400%, indicating that significant value creation occurs before companies go public [4][35] Group 2 - Secondary market volumes for unlisted shares have surged to nearly $100 billion globally, with high-net-worth individuals (HNIs) and family offices being the primary participants [5][35] - The Liberalised Remittance Scheme (LRS) has enabled new types of investors, including startup founders and professionals, to participate in overseas investments [5][35] - Investment platforms are providing access to ETFs and funds, simplifying the process for investors seeking global exposure [6][35] Group 3 - Popular companies among Indian investors include SpaceX, which reported $14.2 billion in revenue for 2024, a 63% year-over-year increase, with Starlink contributing 58% of that revenue [7][8] - Valuations of companies like SpaceX, OpenAI, and Stripe have seen significant increases, with SpaceX rising from $210 billion in mid-2024 to $350 billion in 2025, and OpenAI increasing from $80 billion to $300 billion in the same period [9][8][35] Group 4 - Special Purpose Vehicles (SPVs) are a common route for Indian investors to access overseas investments, allowing for pooled investments in private companies [12][13][14] - Ticket sizes for investments vary, with minimums around $20,000 for marquee names like SpaceX, while other opportunities may start below $10,000 [15][36] - Recent investments include Groq, an AI semiconductor company valued at $2.2 billion, and Perplexity, valued at $8.5 billion, with a total of approximately $5 million deployed across these two companies [16][36] Group 5 - The GIFT City IFSC route is being explored by some funds for outbound investments, with plans for India's first outbound-focused angel fund targeting $70 million over five years [19][20] - Direct investing in private companies is also an option, but it requires accreditation with strict income and net worth thresholds [21][22] - The SPV route is often preferred due to its ability to simplify access and pool risk among multiple investors, despite potentially higher costs [28][35]