“There is no tech in India - just tech-enabled businesses.”
– Anupam Mittal
Hard truth. And it hurts.
India’s startup scene has mastered scale, delivery, and funding.
But how many are building 'actual' technology?
Deep tech? IP? Research-backe
Apps owned by TikTok's parent company, ByteDance operating in US:
- TikTok
- TikTok Lite
- TikTok Studio
- TikTok Shop
- CapCut
- Lemon8
- Hypic
- Lark
All these apps will be banned.
The two biggest e-commerce companies in India, Amazon and Flipkart, are owned by American companies. Do you think India needs a homegrown company to emerge as a new rival in the e-commerce sector to compete against these American giants? With the rap
Phonepe was acquired by Flipkart in 2016.
Later
In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart.
So, why need another UPI app?