Are we celebrating SoftBank and Nikesh Arora too soon?

Around two years ago, India’s technology startup space was dominated by American investors such as Tiger Global and Sequoia Capital. But it all started changing in October 2014 when Japan’s SoftBank announced investments of around $800 million in two Indian startups—online retailer Snapdeal and ride-hailing startup Ola. “ is in a no man’s land right now. It’s all over the place, lacks strong leadership and needs to take a stand on its direction in the next financial year, otherwise its future is in trouble,” Sanchit Gogia,Chief Futurist, Founder and CEO, Greyhound Knowledge Group, a global research and advisory group, told Quartz.


OYO Rooms: According to Gogia of Greyhound Research, the startup is “trying to grab whatever it can get, without focusing on any one segment.”

“That’s not a strong fundamental for a business. That’s not how businesses succeed,” Gogia said.


Ola Cabs: “Ola has picked up the right battle and gone after that. They have focused really well on the core thing and look at the end product; their user interface is brilliant and it’s a great app,” Gogia of Greyhound said. “Another thing that stands out for Ola is that the company has been able to move the ecosystem (drivers and regulators) with it and done that very well. I think Ola is a great investment.”

Source: Quartz


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