Just as the industry was poised to soar, e-scooter makers will have to work fast to win back consumer confidence.
Latest from Rajiv Rao
How did so many people dupe themselves into thinking that Paytm was a sure bet? Not paying attention to some basic rules of how to value a fintech company, or any company, did them in.
An avalanche of criticism over social media against India's farming Bills and an outpouring of revulsion at Modi on Twitter for allegedly doing nothing to save Indians during the pandemic's second wave has convinced the Indian prime minister to tighten the screws on US tech outfits.
Critics say that Modi and his political supporters want desperately to throttle companies like Twitter and Facebook to prevent real news and discuss the pandemic from reaching Indians and the world.
Even seemingly straightforward accounts on the unfolding COVID-19 catastrophe in India -- never mind ones that contain direct, scathing criticism -- are the sort of things that Modi and his government want expunged from social media.
The pandemic, accompanied by job loss and pay cuts, has made many Indians even more desperate than they normally were for loans. This has made them easy targets for spurious loan apps whose origins lie across the border.
Hike says its super app concept didn't work because of network effects of overseas players like WhatsApp. Yet, an opportunity that laid within arm's reach could have changed its fortunes.
The firms that will get hit are market leaders Google Pay, Walmart's PhonePe, and new entrant and potential goliath, WhatsApp Pay. The ones that stand to gain? Paytm and Reliance Jio.
The pandemic has further boosted the ascendant popularity of digital entertainment.
Now that the spigot of Chinese money has been impeded by a new law, the challenge will be even greater.