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[The Outline By Inc42 Plus] New Breed Of Big Tech In India

[The Outline By Inc42 Plus] New Breed Of Big Tech In India

India’s newly-public tech startups emerge as market forces, joining conglomerates chasing super apps

Dear reader,

Throughout December, we have looked to sum up the major trends and defining features of tech in India this year — like the 15-minute economy or startup IPOs or the implications of the funding boom in 2021. But any retelling of 2021 from the perspective of Indian tech would be poorer without a chapter dedicated to the emergence of big tech in India.

And by that we don’t mean FAANG. While the likes of Facebook, Amazon, Apple, Netflix and Google have an obvious and sizable presence in the Indian market, 2021 saw a new breed of tech giants in India. From startups that went public to large conglomerates looking to bolster their digital umbrella companies and march towards super apps.

Conglomerates On The Digital Highway

Among the corporate giants, after a busy 2020, Mukesh Ambani-led Reliance has been relatively quiet in 2021. But it still remains firmly on course for its super app ambitions. On the other hand, the Tata Group has accelerated its plans.