Govt is not in any mood to let a platform biz make fat margins
- Beema Nigam for policy bazaar
- ondc for swiggy Zomato Amazon Flipkart
- UPI for Paytm
- breaking monopoly of iex
We cant apply model to
directly because the policy framework is very different
It is the rational decision given our demographic. We need to let that value accrue to our businesses and our users. And not let the bicholiya get fatter.
Always good to study businesses but imo this is not a tenable investment right now. Too many moving parts. I’d let his space evolve for next 1-2 years to see clear government policy direction which may or may not allow for profit platforms to exist (in a way they provide some digital infrastructure so making them free or cheap has multiplier effects on our economy)
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