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Matrimony.com, Innov8 Among Startups Backing Digital Competition Bill; Urge Action Against Big Tech

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Matrimony.com, Innov8 Among Startups Backing Digital Competition Bill; Urge Action Against Big Tech

Around 40 Indian startups, including Matrimony.com, TrulyMadly, and Magicbricks, have expressed strong support for the Digital Competition Bill proposed by the Indian government in March 2024. The startups argue that major tech companies like Google, Apple, and Meta have dominant positions in the industry, stifling innovation and limiting consumer choice. They believe the bill, with its focus on ex-ante regulations, has the potential to revolutionize the Indian startup ecosystem. Startups are urging the government to expedite the passage of the bill and revise the thresholds for designating Systematically Significant Digital Enterprises (SSDEs) to avoid inadvertently encompassing smaller startups.

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