The great Indian startup battle: Founders vs Investors
Founders of Indian startups are increasingly challenging the power of large investors in order to retain control over their firms
But the relatively small size of startup successes in India means that investors are likely to continue to be in the ascendant
Bengaluru: Bhavish Aggarwal is fighting so many battles it must be tough to keep track. Not only does Ola, the ride-hailing company Aggarwal founded in 2010, have Uber breathing down its neck, it has entered the ultra-competitive food delivery business and expanded overseas. And that’s not all. Ola has announced ambitious plans for its fledgling electric vehicle business and is trying to transform Ola Money into a financial services platform. The company is doing all of this amid a boardroom standoff that involves two of the most powerful investors in the startup ecosystem, SoftBank Group Corp. and Tiger Global Management Llc.