Bigger India
A Furious Backlash is Brewing Against India’s Tech Billionaires
Unless something is done soon, the systemic problems that have besieged Menlo Park and Mountain View will also sweep through Bangalore.
In May 2018, Walmart gave India’s startup scene a $16 billion (£12bn) boost, splashing out on a majority stake in Flipkart, the online retailer and Amazon rival. On the surface, India’s largest internet deal justifies the recent hype around its tech sector. But underneath there is trouble brewing, as India’s digital giants risk suffering a big tech backlash of their own.