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I have mixed feelings about this one, having seen their Capital G investment portfolios before. Let's hope they actually make an impact with this one. Now let'
by vkaku 6y ago
I have mixed feelings about this one, having seen their Capital G investment portfolios before. Let's hope they actually make an impact with this one.
Now let's begin with an analysis: This is the only company in their portfolio doing anything very relevant to helping India: https://ayefin.com/our-products/ https://ayefin.com/our-products/ The rest are profitable companies - but not like helping Indian economies or anything serving a very large amount of people. It's a micro finance model, very helpful to India (helping businessmen and farmers avoid some terrible loan sharks), however it's a business, not a charity.
Now let's talk motivations. FB recently invested in Jio, and I'm quite sure this was their most successful investment, after the 'Free Basics' idea fell through and all people protested against OTT services being subsidized and the idea of net neutrality. Now, it is well known that if you control the wire, you control the internet. You control the relevance of a website, it's advertising potential and finally, it's net revenue.
FB may have gotten some sweet insider deal from Jio, so Google may now be running helter-skelter to not become the loser in the big picture. Unless Sundar Pitchai got a boost of Indian patriotism and decided to help India, like shown in some recent movies (highly doubt it).
I mean, if they had already done something to boost small startups and create value for India, they had a 12+ year lead, lots of people - and they could have done something. But they did not. Maybe now they'll try to join forces with some telco (Airtel/Vodafone) or something, who knows.
I doubt that kind of money will ever help regular Indians become better or enhance their quality of life. Unless they turned a new leaf, let's hope so.
End Rant