bengaluru silicon valley based storied accelerator y combinators md and group partner michael seibel has said the company looks at india as one of the most powerful markets for investment seibel who is credited with airbnbs survival by telling its founders in their early days to apply for the y combinator programme also said the pandemic has democratised access to funding given that everything is happening remotelyi dont know of an easier time to raise early stage financing and i have been in the tech world since 2006 whats also been amazing is watching how investors have adjusted to it in the winter 20 batch investors were trying to figure out the status of the portfolio and how to move operations online by the summer 20 batch everything had changed every single dollar was raised virtually international founders had a massive opportunity that they didnt have before they didnt have to be here he said during payments startup razorpays annual fintech eventy combinator or yc has backed 99 startups in india which cumulatively have raised over 713 million in capital apart from razorpay it has backed cleartax messho and groww yc now sees about 40 of its startups coming from outside the us and india is its largest international country it used to select under 10 indian startups in a batch for its accelerator programme but in recent times it has been picking 14 to 25 startups in each batchseibel said even in the postvaccine world the remote arrangements will continue and will offer more opportunities for international founders as they wouldnt have to be in the same location as those they are trying to raise money fromspeaking about new trends among indian founders he mentors seibel said he has seen local indian investors pushing indian founders to go global fasterthis is shortsighted when we look at the investments happening around the world we see india as one of the most powerful markets i always love the idea of you getting there early and then you are there lets not wait till india is 10 times bigger before we think its a good businesstobusiness b2b softwareasaservice saas market seibel said