After Ola and Flipkart’s ‘capital dumping’ accusation to the global counterparts, Mobikwik’s cofounder and CEO, Bipin has accused Paytm of capital dumping.
And ofcourse, has nicely used Paymt’s Alibaba connection.
“The money hasn’t gone to create innovation. Everything has gone to cashbacks and discounts”
Interestingly, in a very subtle way Mobikwik has raised the security issue and has hinted at the data Paytm gathers and whether Alibaba can make use of it – thus touching upon national security issue.
What’s your take on this ?
Are Indian startups using ‘capital dumping’ as an excuse to get attention ? Or is this a very serious issue which you think the government should address?