First thing first. Let me tell you all the non-reasons. It’s not about technology. It’s not about ability. It’s not about resources. It’s not about funding. It’s nothing that you think.
And now let me clarify that how I qualify to answer this question. I am founder of http://closest.in it’s now a 11 month old web startup. We started working on it right after college, so I am a young startup founder, with very radical ideas, inspired by silicon valley culture and what not. So I have 11 months of experience in this arena to back my answer.
Now, why there are no web startups from India, because there are no early adopters. That’s not in our blood. Web startups come out of USA because Americans love to try new things and we Indians don’t. This is a problem which can’t be solved by technology. This is a psychological problem. There is not a single web product which came out of India, that I use daily. Yes, not a single.
What are early adopters? Early adopters are those people who actually use new services and accept them or reject them. I am not saying that early adopters always accept new products, they actually give their opinion. So if a product is doomed to fail, it fails early. That’s how it works.
And I know the root of problem, it’s the faulty education system which is brainwashing innocent children and putting a belief in them that “your ideas are useless”, it’s such a small line and has such a vast impact on the whole nation. Students are literally discouraged to take forward their ideas, especially in the average engineering colleges, I can only talk about them because I was a part of them.
Only solution to fix this problem is to destroy all the engineering colleges right now and convert them into “idea factories” let young people work on what they want. I cry seeing so huge human potential wasting. If anyone wants to fix something in startups ecosystem, fix the education system, that’s the root.