Piyus Goyal told all Indian startups “Dukandaari Hi karna hain?” or grow on the basis of technology as well, in which Goyal ji, while targeting startups like food delivery, said that in our India we do not want to become delivery boys, we do not want to invest our bright future in delivery, he also said that in India the number of students is the highest in every STEM (Science, Technology, Engineering and Mathematics).
Piyush Goyal sent a note to all Indian startups in which it was written It was said to focus on more advanced technological solutions away from vertical distribution, which sparked an online debate in which several startup owners took part.
Piyush Goyal Admits: India's Startup Struggles pic.twitter.com/u9C5nQZHdT
— Congress (@INCIndia) April 4, 2025
Some others, such as former Bharat Pay director “Ashneer Grover” and others, also reminded Piyush Goyal that the owners of Deep seek, an advanced artificial intelligence-powered chat bot based in Hangzhou, which came to light through a research project, had started with vertical distribution initiatives even before the development was done.
All these debates with so many people happened only after Shree Goyal established his foothold in the field of startups.
Some industry leaders like Zepto’s co-founder Aditya Palicha have said that Indian consumer startups have earned thousands of crores of rupees in tax contribution and have provided many employment opportunities. Piyush Goyal ji said at an investment event in Delhi “We are making Foods/Higher delivery Apps. We are doing social labour so that rich people can eat without going out of their houses, while China is working on AI (Artificial Intelligence), EV (Electric Vehicle) and semiconductors.” Should we make chips (i.e. semiconductor) or ice-cream (delivery Apps)? Goyal directly asked in his words that we have to make shops for the modern era. He also told that in India the number of graduates under science, technology, engineering, math’s is the highest and every year a lot of children are born. “Should we be proud that after studying so much we are preparing delivery boys and delivery girls in India?
The central minister also targeted the increasing number of online gambling apps and raised questions on the fact that investigation agencies are coming forward for investigation of some of them for money laundering and asked Indian startups to focus on “real economic productivity”.
Shree Goyal On the comment, Zepto prominent critic Aditya Palicha said that the technology being developed in China/America may be very good but even in our startups today 1.5 lakh real people are working whose main livelihood is this. He said that in less than 4 years, he has contributed more than 1000 thousand crore rupees in taxes, has brought one billion dollar FDI and major foreign investment, along with that he has spent hundreds of crores of rupees for organizing the supply of fresh fruits and vegetables. He also said that in foreign countries that technology is being shown as green flag. Chinese companies like Alibaba also started as “consumer internet company” and have reached here today.
Ashneer Grover said on the comment of politicians that in China also there was first a division and then it developed into deep learning technology. It is good to appreciate them for what they have done but it is time for politicians to keep expectations of 10% economic growth for 20 years before commenting on today’s job system. He said thank you for starting this health debate.
Former Infosys CEO Mohandas Pai presented another critical vision in which he told Goyal that Indian startups should not be left short and instead ensure how we can grow faster. The government should support startups that focus on high technology. He praised Finance Minister Nirmala Sitharaman and said that we have a successful finance minister who has harassed startups in the name of angel tax. He also made Reserve Bank a target and said that it troubles foreign investors in a regular manner, he said. China invested 845 billion dollars in startups from 2014 to 2024 to expand them while India has invested 160 billion dollars.
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