Tiêu đề Indus Valley Annual Report 2025.pdf ✅

4 How to read this report Given we have sourced the data across various reports and datasets, consistency in data will always be a challenge. That said, while sometimes an occasional number or two may not match with the other, the broad direction or narrative of these is consistent and comparable. We have used millions, billions, trillions (vs lacs, crores) where possible. When we use ₹ billion or ₹ trillion, it can sometimes be hard to translate it to $. A shorthand for ₹ billion to $ million is that ₹1 billion = ₹100 crores = $12 million roughly. A shorthand for ₹ trillion to $ billion is ₹1 trillion = $12 billion roughly. Despite all the charts and datasets we have listed, this is not a data book. We didn’t create it to serve as an exhaustive repository of data or reportage on India. Rather, it is more a narrative, and less a dataguide. Or even better, you should see it as a source of perspective on the Indian startup ecosystem. And as with all perspectives, a lot depends on the vantage point of the observer. As the leading seed fund in India, we do think we have a unique perspective and insight into the Indian startup ecosystem, or Indus Valley, as we term it. And with The Indus Valley Report, we hope to get you, dear reader, to view the Indian economy through our lens. Do tell us how you see it. Compliments, criticism, feedback all welcome at [email protected] and / or [email protected]