No. I think that is because most Indians are too low on resources to experiment with their life. This hence has evolved into a culture, where safe (prestigious) jobs (and now safe startups) are the only ones considered good.

I recently started a startup building a product which does not cater to the "hot" sectors like e-commerce and convincing people (we're B2B) to take a risk (for anything, even a free trial) is really hard. Also a innovative solution is generally looked with suspicion (I dont blame people for this, most shiny things here are frauds). I hope we can change this in the long run.

I wrote more on this (just yesterday) here: https://medium.com/@muktabh/why-is-a-pure-technology-startup...