India Has Tech Companies, But Not Enough

“India has a lot of tech-enabled companies, not pure-play tech ones.”

Lately, Indian startups have been receiving a lot of flak. This started with union minister Piyush Goyal calling out the “fancy ice-cream” problem of Indian startups, implying that there is not enough deep tech research happening in India. This was also a jab at Indian investors, like the ones in Shark Tank, who do not invest in deep tech startups.