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In a year, Indians launch 200 startups in Estonia

Indian entrepreneurs have launched about 200 startups in Estonia in the past one year, making use of the e-residency programme which offers easy access to the European market and funding from venture capital firms, said its ambassador to India Riho Kruuv.

The programme, launched on December 1, 2014, has attracted more than 2,200 Indians, including Reliance Industries chairman Mukesh Ambani, who have floated more than 275 startups, Economic Times writes.

Ambani used his e-residency to float a subsidiary of Reliance Jio Infocomm in Estonia during the second half of last year and hired software engineers to develop digital and e-governance solutions.

Startups launched by Indians also include the one by Deepak Solanki, the inventor of Li-Fi technology to transmit data or power the Internet using light.

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