tech

India's year of the unicorn: Startups in spotlight of 2021 tech boom

9 Comments
By Nivrita GANGULY

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Earlier most Indians try to become engineer or doctor and go to USA for better life. But now younger generations are staying in the country, identifying social problems, resolving them through startups with support from investors. Areas where government has failed, startups are taking the lead. But still a long way ahead.

Hopefully these startup innovations will uplift life of common people.

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Some credit should go to Son-San, whose investment in Flipkart was the trigger for continuous flow of overseas investment into India startups.

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The choice of heading picture for the article is remarkable. It serves to re-iterate stereotypes of India & is a start contrast to the picture the article paints. We should learn about diverse upcoming countries like India. Not perpetuate past stereotypes.

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I think the picture shows egg selling shop running business by embracing cheap digital technologies like qrcode , smartphone...

No one might have ever thought smartphone will allow poor countries to grow faster.

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Very few are actually turning a profit. Though they are cash rich and well funded most of the cash is burnt on grabbing market share and enticing customers by giving huge discounts. Good for the customers and good for the founders but not so good for those foolish enough to invest in these startups.

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Companies going public included food delivery app Zomato and beauty products platform Nykaa, listing at huge premiums to their IPO prices and making billionaires of their founders..

Zomato's founder owns just 5-6% of the company..if he is a billionaire..than the investors are raking in massive profits. Nykaa's founder owns just over 50% of the company, again the investors are making a fortune, the startup's are going to boom, will be similar to the US startup scene of the 90's.. key is due diligence..

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Very few are actually turning a profit. Though they are cash rich and well funded most of the cash is burnt on grabbing market share and enticing customers by giving huge discounts. Good for the customers and good for the founders but not so good for those foolish enough to invest in these startups.

The majority of those valuations in major western tech companies are not backed by actual profits. In fact, most tech companies were unprofitable for years.

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Lots of Indian are getting scam by cryptocurrency Google Indian Cryptocurrency Scam

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India could be the big winner from Xi's crackdowns and Covid Zero isolation, but Modi is a nationalist and may well have a crackdown of his own. Areas like crypto are vulnerable, and government demands for back doors that break the security of services could hamper their uptake/viability.

An overvaluation bubble is probably inevitable. If you are investing, do proper due diligence.

-Very few are actually turning a profit.

That's normal with start-ups. It's why they need VC. It is important for there to be a clear path to profit though. Any idiot can lose money.

India has always had a gig economy. That's how most of the population survive from day to day. Apping it will be absolutely massive.

Over the last year I've had more interest in my tech stuff from the India subcontinent than from anywhere else.

US politicians are attacking their own, globally pre-eminent tech companies. European regimes are implementing restrictions. Replacing GAFA is up for grabs, and India are as good a bet as anywhere else.

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