1947 Tech 🇮🇳: 98
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. India CEO mafia: Techies with a social heart
Some are beginning to call it the ‘India Mafia’, like the PayPal Mafia.
The latter was used to describe the many former PayPal employees and founders who went on to found and develop other technology companies such as Tesla, LinkedIn, Palantir SpaceX, YouTube, Yelp, and Yammer.
But Why Indians make it as CEOs of global companies?
Indians have the ability to own communication in a foreign language India is a highly multi-linguistic culture
India is an ambitious environment. Thus Indians have comfort in a highly ambiguous environment
India is a truly multicultural environment. Thus Indians are good at managing differing cultures and diverse opinion
Finally, A sense of humility is what India born CEOs bring to the table.
2. Will take learnings from India to take Google Pay global: Pichai
Gone those days when India was called a copycat nation!
Or a back-office service provider.
What is new India?
Build products in India and take the learnings global
Ok, fine don’t agree with me?
At least agree with one of the smartest human in the tech world on this plant — Sundar Pichai
Another source: How Indians are helping Wallmart take on Amazon
3. SoftBank, Tiger Global and Naspers may join Startup Council
First wave: Building the internet — Laying the foundation for the online world. (1985–1999)
Driven by: People, products, platforms, partnerships, and policy.
Second wave: App economy and mobile revolution — Search, social, and eCommerce startups grow on top of the internet (2000–2015)
Driven by: People, products, and platforms
Third Wave: Internet of everything — Ubiquitous connectivity allows entrepreneurs to transform major, real-world sectors. (2016 — )
Driven by: People, products, platforms, partnerships and policy.
And I’m glad that the Indian government gets it!
Marquee global investors, including SoftBank, Tiger Global Management and Naspers, could be part of the government’s National Startup Advisory Council, which will act as an overarching body for the country’s digital ecosystem.
The Council, which comes under the commerce ministry’s Department for Promotion of Industry and Internal Trade (DPIIT), will comprise 44 members, representing entrepreneurs, investors, policymakers, and government officials.
Tencent’s now the Alibaba of Indian startup scene Link
Fresh set of Chinese investors aggressively scout deals in India Link
India is next playground for game development Link
Indians migrating to Canada doubles in three years Link