After dominating the Indian market, Indian billionaire Mukesh Ambani is reportedly set to enter Africa with a telecom venture, focusing on mobile broadband customers.... Your views on this ☝️?
Anonymous 3
Stealth • 8m
While it sounds promising, we should also be cautious. Large corporations entering new markets often face regulatory and operational challenges. Plus, there’s the risk of market monopolization, which might hurt local businesses, it’s a poor continent anyway.
Here’s a quick list of failed Indian startups:
1. Zilingo – Shut down due to financial mismanagement.
2. Fynd – Failed due to stiff competition and unsustainable profits.
3. Katerra India – Shutdown due to poor execution and market adaptation is
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