Iāve noticed that even though we have Indian apps like Paytm and PhonePe, a lot of customers still prefer using Google Pay. It makes me wonder why foreign companies still have such a strong hold in India.
I havenāt noticed this in a while. Iām using medial since 3 months. Iāve recently observed that it shows me a notification mark (1) on my Home Screen on this app and there are no such sort of notifications in the app. Though Iāve thoroughly checked t
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Rohan Saha
Founder - Burn Inves...Ā ā¢Ā 5m
I don't know how many people have noticed this or not, but Foreign Institutional Investors (FIIs) are currently shifting their focus more towards the primary market, leaving the secondary market behind.
India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
šJust take a look.
PhonePe (Owned by Walmart, USA) ā 48.9%
Goog
Many turmoils for Paytm but it still worth $6 billion and the founder Vijay Shekhar owns 20% of it š
1. Vijay Shekhar Sharma ā 19.42% (almost a billion)
2. Antfin (Netherlands) Holdings BV ā 9.90%
3. Foreign Portfolio Investors (FPIs) ā 49.63
4. Re
I think current Indian startup don't have guts to fulfill their promises like other foreign brands
Blinkit
Big basket
Zomato
swiggyy
Ola
Hood
Paytm
Etc......
Some are promising 10 min delivery , ( ai ) , ev , sequrity , anonymous chating , any s
Wonder what would happen if Koo app was still alive. It was anyways for some reason famous in Brazil. It would have exploded there after X ban.
Source: tech crunch - 2022