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Stop this deshdroh: Anupam as Suhel says '80% of Indian startups are a racket'

Inshorts · 4m ago

Stop this deshdroh: Anupam as Suhel says '80% of Indian startups are a racket'

After Indian businessman Suhel Seth appeared on a TV debate and said, "80% of the startups in India are nothing but a racket," entrepreneur Anupam Mittal posted on X, "Ye deshdroh bandh karo (Stop this treason)." Anupam added, "Aren't we harassed enough that we need this crab mentality egging the bureaucracy on by calling founders and VCs frauds?"

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Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

Business Today

Business Today · 4m ago

Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'

Sanjeev Bikhchandani, founder of Info Edge, defended Indian startups against Suhel Seth's criticism, which labeled 80% of them as a "racket." Bikhchandani asserted that this claim is untrue and unfounded. He highlighted the significant $15 billion investment by Masa Son and SoftBank in India. While Piyush Goyal expressed concerns about the focus on low-value gig work over deep-tech innovation, Suhel Seth further challenged statements made by Zepto co-founder Aadit Palicha.

Indian Start-Ups Replicating Western Biz Models, Says Suhel Seth

OutlookIndia

OutlookIndia · 2m ago

Indian Start-Ups Replicating Western Biz Models, Says Suhel Seth

Indian start-ups have been criticized for lack of originality, mimicking Western business models, according to Suhel Seth at the CII Annual Business Summit 2025. He argues they focus more on valuations than innovation. Union Minister Piyush Goyal also criticized start-ups for limited ambition and reliance on foreign acquisitions. Both stress the need for genuine innovation, technological advancement, and ventures that tailor solutions to local needs, urging a shift in focus towards long-term goals over immediate financial gains.

Domestic pension funds, family businesses should invest in Indian startups: Amitabh Kant

Inc42 · 1y ago

Domestic pension funds, family businesses should invest in Indian startups: Amitabh Kant

Indian insurance companies, pension funds, and family businesses are urged to invest in India's startup ecosystem to make the country a leading startup nation, according to Amitabh Kant, India's G20 Sherpa. Currently, about 75-80% of startup funding comes from foreign investors, and there needs to be a shift towards domestic investment. Kant emphasized the need for domestic resources to flow into the Indian startup movement, with insurance companies, pension funds, and family businesses committing their resources to support Indian startups. This call comes as foreign investors show increasing interest in investing in Indian startups.

Shaadi.com founder Anupam Mittal slams Google for ’arbitrary and monopolistic’ actions harming Indian startups

Livemint

Livemint · 1y ago

Shaadi.com founder Anupam Mittal slams Google for ’arbitrary and monopolistic’ actions harming Indian startups

Anupam Mittal, founder of Shaadi.com, accused Google of engaging in arbitrary and monopolistic actions that are negatively impacting Indian startups and the country's economy. Mittal's allegation came in response to concerns raised by Aditi Shrivastava, another prominent figure in the Indian startup ecosystem, about the lack of a clear escalation process for apps blocked on the Google Play Store without explanation. Earlier this year, Mittal compared Google to the "Digital East India Company" after the tech giant delisted several Indian mobile apps, including Shaadi.com, over a payment dispute.

Identify yourself with the startup before investing, says Virat Kohli

Economic Times

Economic Times · 2y ago

Identify yourself with the startup before investing, says Virat Kohli

Indian sports stars are increasingly investing in mid-sized and emerging startups, according to reports citing former captain of the Indian cricket team, Virat Kohli. The endorsements have proven beneficial for brands and provided startups with a platform, especially during funding slowdowns driven by traditional sources such as venture capital.

'Founders can do most things but not EVERYTHING': Shark Anupam Mittal hits out at minister Piyush Goyal's 'Dukaandari' remark

Business Today

Business Today · 4m ago

'Founders can do most things but not EVERYTHING': Shark Anupam Mittal hits out at minister Piyush Goyal's 'Dukaandari' remark

Indian entrepreneurs are ready to compete globally in fields like AI and space-tech. However, there's inadequate capital and exposure, hindering growth in tech sectors like semiconductors and EVs. Shark Anupam Mittal criticized Minister Piyush Goyal's remarks, emphasizing the limited long-term impact of startups in food delivery compared to consumer internet companies like Zepto, which significantly contribute to employment and taxes. Mittal urged governmental support to foster a thriving deep-tech ecosystem.

YC says visa challenges hampering participation of international founders

TechCrunch · 1y ago

YC says visa challenges hampering participation of international founders

The recent batch of startups from Y Combinator, known as S23, features over 200 companies, with more than half focusing on AI applications. However, only one startup from India/Southeast Asia is included, marking a decline in their participation. YC attributes this to the shift back to in-person events, which requires founders to relocate to the U.S. for three months, posing visa challenges for international founders. Indian startups, in particular, face difficulties obtaining visas, leading to calls for policy change. Visa scrutiny, reduced slots for Indian citizens, and tax repercussions are among the factors contributing to the decline.

Multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund

Livemint

Livemint · 1m ago

Multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund

Tenacity Ventures, supported by Dream11 founders, plans to launch a $150 million second fund as several companies in its debut portfolio prepare for public market listings. Some portfolio companies like Purplle and Headout are already IPO-ready, while others are expected to reach the scale for listing in the next three years. Tenacity has deployed 80-85% of its first $100 million fund across 15 companies, focusing on Indian startups.

Shark Tank India deal completion can take 3-9 months, says Anupam Mittal

Economic Times

Economic Times · 2y ago

Shark Tank India deal completion can take 3-9 months, says Anupam Mittal

Shark Tank India deal completion can take 3-9 months, says Anupam Mittal; Aman Gupta, another judge, told ET in a statement that he had the right to refuse a deal if there are any issues found during the due diligence process.

‘Lagaan must be stopped’: Anupam Mittal on Google's action against Shaadi.com

Livemint

Livemint · 1y ago

‘Lagaan must be stopped’: Anupam Mittal on Google's action against Shaadi.com

Shaadi.com founder Anupam Mittal has compared Google to the "Digital East India Company" following its delisting of Indian mobile apps, including Shaadi.com, over a payment dispute. Mittal called for the end of Google's "Lagaan" (service fee) and criticized the company's disregard for India's internet ecosystem. Some Indian apps have been restored after government intervention, but without in-app billing. The move has sparked criticism from startups and calls for the development of India's own app store as part of its digital infrastructure.

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