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Ola’s Bhavish Aggarwal backs Piyush Goyal’s call for deeper tech innovation

Economic Times

Economic Times · 3m ago

Ola’s Bhavish Aggarwal backs Piyush Goyal’s call for deeper tech innovation

Ola founder Bhavish Aggarwal supports Minister Piyush Goyal's call for deeper tech innovation among India's startups, urging a shift away from consumer tech towards sectors like AI and material sciences. The comment sparked debate, with some defending India's startup success, highlighting achievements like Zepto's employment impact. Critics like Mohandas Pai questioned the minister's critique, citing China's vast startup investments compared to India's, and urged government support for tech advancement.

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Related News

Don't discount consumer tech: Startup founders react to Piyush Goyal's remarks

YourStory

YourStory · 3m ago

Don't discount consumer tech: Startup founders react to Piyush Goyal's remarks

Indian startup founders emphasize the critical role of consumer tech in innovation and economic growth, responding to Union Minister Piyush Goyal's call for deeper tech ambitions. Aadit Palicha highlights consumer internet startups' role in tech innovation. While Goyal encourages broader aspirations beyond quick commerce, founders stress consumer tech’s contributions to job creation and investment. They urge government support rather than criticism, highlighting challenges in fostering deeptech entrepreneurship and the need for supportive policies.

Capgemini CEO reignites work-life balance debate with 47.5-hour work week comment

Economic Times

Economic Times · 4m ago

Capgemini CEO reignites work-life balance debate with 47.5-hour work week comment

Capgemini India's CEO, Ashwin Yardi, suggests a 47.5-hour workweek, sparking debate against Infosys co-founder N R Narayana Murthy's earlier call for a 70-hour week, which stirred up discussions on corporate work conditions. Murthy and L&T's S N Subrahmanyan advocate for longer workweeks, while Wipro's Rishad Premji highlights work-life balance. The debate extends to startup founders like Ola’s Bhavish Aggarwal supporting longer hours for economic growth, whereas Namita Thapar strongly opposes excessive work demands.

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

Economic Times

Economic Times · 2m ago

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

A semiconductor startup founder responded to Union Minister Piyush Goyal’s critique of Indian startups, highlighting India's systemic challenges in fostering deep-tech ventures. Goyal's comments at Startup Mahakumbh 2025 suggested a preference for semiconductor innovation over consumer internet startups. The founder shared frustrations on Reddit about the bureaucratic hurdles and lack of support for high-tech projects, emphasizing that confronting these barriers is crucial for true innovation beyond consumer-facing products like food delivery.

Piyush Goyal’s reality check at Startup Mahakumbh sparks debate

Inshorts · 3m ago

Piyush Goyal’s reality check at Startup Mahakumbh sparks debate

At Startup Mahakumbh, Union Minister Piyush Goyal critiqued India's startup ecosystem, urging a shift from low-risk retail models to innovation-driven ventures. Comparing India to China, he highlighted the need for breakthroughs in deeptech sectors. His remarks sparked mixed reactions, with some entrepreneurs criticizing the oversimplification of challenges faced by Indian startups.

Mohandas Pai Defends Indian Startups Against Minister Goyal’s Criticism

OutlookIndia

OutlookIndia · 3m ago

Mohandas Pai Defends Indian Startups Against Minister Goyal’s Criticism

Former Infosys CFO Mohandas Pai defended the Indian startup ecosystem against criticism from Union Minister Piyush Goyal. Goyal had commented on the focus of many Indian startups on areas like food delivery, instead of tech advancements like AI, prompting Pai to highlight the lack of government support for deep-tech startups. He emphasized the funding gap compared to global peers, stressing that government policies and capital constraints hinder the growth of Indian startups in sectors like IoT and robotics.

After Pai, Zepto’s Aadit Palicha Reacts to Minister Goyal’s ‘Dukaandari’ Remark

OutlookIndia

OutlookIndia · 3m ago

After Pai, Zepto’s Aadit Palicha Reacts to Minister Goyal’s ‘Dukaandari’ Remark

Zepto CEO Aadit Palicha responded to Minister Piyush Goyal's criticism of Indian startups, especially those focused on consumer internet ventures like online food delivery. Goyal contrasted these with Chinese startups' focus on sectors like AI and EVs. Palicha highlighted Zepto's contributions, mentioning that it employs 150,000 people, pays significant taxes, and has attracted substantial FDI. He emphasized the need for India to develop major internet companies to drive technological innovation and economic growth.

After Piyush Goyal’s comments, Amitabh Kant says Indian startups have done a good job

Business Today

Business Today · 3m ago

After Piyush Goyal’s comments, Amitabh Kant says Indian startups have done a good job

At the Startup Mahakumbh 2025, Union Minister Piyush Goyal expressed concerns about Indian startups' limited engagement in deep tech and significant industries. However, Amitabh Kant countered, acknowledging that Indian startups have performed commendably despite existing challenges. The event underscored the importance of nurturing innovative entrepreneurship to ensure a robust startup ecosystem in India, advocating for an increased focus on emerging technologies and substantial contributions to various critical sectors.

Ola's Bhavish Aggarwal snaps ties with Microsoft Azure in stand against Western tech

Economic Times

Economic Times · 1y ago

Ola's Bhavish Aggarwal snaps ties with Microsoft Azure in stand against Western tech

Ola CEO, Bhavish Aggarwal, announced that the company will move its workload from Microsoft's Azure to its own cloud service, Krutrim. Aggarwal criticized Western tech practices and accused Microsoft-owned LinkedIn of deleting his post without notification. He stated that Ola will complete the migration within a week. Aggarwal previously criticized LinkedIn for imposing a political ideology on Indian users through its AI tool. He said he will share his broader thoughts and actions regarding this matter.

Piyush Goyal’s 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others

OutlookIndia

OutlookIndia · 3m ago

Piyush Goyal’s 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others

Union Minister Piyush Goyal's critical remarks about Indian start-ups at 'Startup Mahakumbh 2025' sparked backlash from industry leaders like Ashneer Grover and Mohandas Pai. Goyal criticized Indian startups for focusing on service-based models rather than deep tech, contrasting them with Chinese advancements. Industry leaders defended the current start-up ecosystem, highlighting its achievements and questioning the government's support. They argued that criticism should focus on constructive growth rather than belittling efforts.

Bhavish Aggarwal becomes second Indian behind three unicorns with Krutrim

VCCircle

VCCircle · 1y ago

Bhavish Aggarwal becomes second Indian behind three unicorns with Krutrim

Bhavish Aggarwal, the co-founder of Ola, has achieved a significant milestone as his AI startup, Krutrim, raised $50 million in funding, valuing the company at $1 billion. This achievement makes Aggarwal only the second Indian entrepreneur to have founded three unicorns. Krutrim, which focuses on AI applications for all Indian languages, plans to use the funds for innovation and global expansion. With its recent release of a large language model (LLM) and conversational AI assistant, Krutrim aims to lead India's AI revolution.

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