E-commerce startups launch a lobby group Indiatech, led by Sachin Bansal?

Where will we draw the line? And are global companies just about more $$ (and not better products / efficient operations) ?

Founding members of the lobby group, IndiaTech.org include Flipkart, Quikr and Hike (all Tiger funded, incidentally).

“The main thrust of the lobby group will be to persuade the government that homegrown startups should dominate the local Internet ecosystem.”
Sachin Bansal, co-founder of Flipkart, will be the founding president and chairman of the lobby group and is likely to appoint a former IAS officer as CEO. [Source]

Basically, it is a collective version of what Sachin Bansal and Bhavish have earlier been talking about – i.e. to stop global companies from playing the discounting game.
Agree that we need to do something about foreign competition (?), but are we also protecting Indian companies against well-funded Indian companies? The latest example being Abof – they aimed for profitability, but couldn’t stand against the discount-led competition.
Where will we draw the line? And are global companies just about more $$ (and not better products / efficient operations) ?
https://www.nextbigwhat.com/indian-startups-foreign-competition-297/
Who are the ‘local’ and ‘foreign’ players in this bloodbath? How do we define ‘local’ companies when Chinese investors own more than 60% of the top startups.

Sign Up for Our Newsletters

Get smarter with most important stories.

You May Also Like

Urban Ladder Wants You To Shop For Furniture Right From Your Apple Watch

Users will be able to check the price and place products in their cart or wish list through the Apple Watch app. The app is synced to the user’s iPhone bringing up more info on a product on their phone. The launch comes just ahead of the Apple Watch’s planned launch in India. The app was conceptualized by the UL team at a hackathon and built by a Bangalore-based tech startup.
View Post