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We'll do 'dukaandari' as we're not ashamed: Indian startup's founder on Goyal's remark

Inshorts · 3m ago

We'll do 'dukaandari' as we're not ashamed: Indian startup's founder on Goyal's remark

Tech startup Gaonzy's Co-founder Karan Chawla reacted to Union Minister Piyush Goyal's remarks on startups, saying, "Dukaandari hi karni hai (We want to do shopkeeping only). Because this generation isn't ashamed of creating jobs." "China didn't build Huawei...by asking its youth to 'do better'. It built [it] through state funding," Chawla said, adding, "Not every revolution looks like AI chips."

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

OutlookIndia

OutlookIndia · 4m 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.

'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.

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

Economic Times

Economic Times · 4m 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.

Correct: MoS IT on Vembu's 'Indian firms must retain talent' remark

Twitter · 1y ago

Correct: MoS IT on Vembu's 'Indian firms must retain talent' remark

Zoho CEO Sridhar Vembu said Indian companies need to invest in creating, nurturing and retaining talent as in coming decades, Japan, South Korea and Taiwan will all accelerate import of talent. Minister of State for IT Rajeev Chandrasekhar replied saying, "This is...absolutely correct reading of technology's future." "In technology [sector]...we're focussed on talent building," Chandrasekhar said.

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

OutlookIndia

OutlookIndia · 4m 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.

I've stopped angel investing: Flipkart Co-founder Sachin Bansal

Money Control

Money Control · 1y ago

I've stopped angel investing: Flipkart Co-founder Sachin Bansal

Flipkart Co-founder Sachin Bansal said he has "completely stopped" angel investing and is "completely immersed" in his fintech startup Navi. "[I'm] spending a lot of time in the office, almost weekends also," he added. Speaking about Navi's IPO plans, Bansal said, "We tried a year ago. The timing was bad...So, I'm hoping...in a few months, once we're ready...we'll [reconsider it]."

Zomato vs Zepto: Aadit Palicha Hits Back at Deepinder Goyal Over Rs 5,000 Cash Burn Claim

OutlookIndia

OutlookIndia · 5m ago

Zomato vs Zepto: Aadit Palicha Hits Back at Deepinder Goyal Over Rs 5,000 Cash Burn Claim

Zepto founder Aadit Palicha responded to Zomato CEO Deepinder Goyal's claim that the quick commerce sector incurs a cash burn of Rs 5,000 crore per quarter, attributing over half to Zepto. Palicha refuted this, asserting the claim as 'verifiably untrue' and pointing to Zepto's financial reports. While acknowledging Goyal's role in inspiring the Indian start-up ecosystem, Palicha emphasized their shared goal of fostering growth in good faith.

Startup Founder claims he's looking for job & no one is answering, says 'I'm just floating'

Inshorts · 2m ago

Startup Founder claims he's looking for job & no one is answering, says 'I'm just floating'

An Indian startup's Founder, who shut shop when his Co-founders exited, said they're looking for a job and no one is calling back or answering. "I'm not asking for CXO role...I care deeply about my work...But still, I'm stuck. Too 'founder-y' for structured roles, not domain-specific enough for niche roles," the Founder said. "I'm just floating in between," they added.

'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate

OutlookIndia

OutlookIndia · 4m ago

'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate

Info Edge founder Sanjeev Bikhchandani has criticized Union Minister Piyush Goyal's negative comments on Indian start-ups, calling them "untrue" and "unfounded." Bikhchandani emphasized the risks and contributions of start-up founders, asserting they deserve respect. Goyal's remarks, which compared Indian and Chinese businesses, have sparked industry backlash. Leaders like Ashneer Grover and Mohandas Pai defended the entrepreneurial ecosystem and sought government support. A start-up helpline was announced for complaints and suggestions.

Unacademy CEO Gaurav wears ₹33,000 t-shirt while announcing no appraisal for employees

Inshorts · 1y ago

Unacademy CEO Gaurav wears ₹33,000 t-shirt while announcing no appraisal for employees

Unacademy CEO Gaurav Munjal was seen wearing a Burberry t-shirt said to cost ₹33,000 while announcing that employees will not receive any appraisal this year. A video of the virtual town hall surfaced on social media, in which Munjal urged employees to look at the bigger picture. "I know I said that we'll do appraisals...we made a mistake," he said.

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