At YS Exclusive Digital India Townhall, Union Minister Ravi Shankar Prasad says India's moment is now
Last Monday, the Indian government banned 59 mobile apps from China, including TikTok, ShareIt, and WeChat, terming them prejudicial to sovereignty, integrity, and national security of the country. Indian tech startups hailed the move, calling it a "digital swadeshi revolution", and many said they see this as the boost they need to grow.
Many Indian apps, built in India for India, saw an overnight surge in the number of downloads ever since the ban was announced. Here is a list of desi apps built by Indian companies with no Chinese funding.
Several of these are lesser-known Indian apps that are poised to power India's digital swadeshi apps revolution. Following the ban, several homegrown short video apps saw increasing traction. In fact, OTT operator ZEE5 also rolled out HiPi, which lets users create 90-second videos.
Commemorating five years of the Digital India initiative, Ravi Shankar Prasad, Union Minister for Communications, Electronics & Information Technology and Law & Justice, joined YourStory Founder and CEO Shradha Sharma, and several top Indian entrepreneurs in an exclusive digital town hall.
Last but not least, Reliance Jio raised $253 million from Intel's venture capital arm in its 12th foreign investment. Reliance Industries also launched its video conferencing app JioMeet, which will have unlimited free calling, and is being seen as a rival to Zoom.
Union Minister for Electronics and IT, Law and Justice and Communications Ravi Shankar Prasad
To commemorate five years of Digital India, Union Minister Ravi Shankar Prasad went LIVE with India’s tech entrepreneurs in a virtual event hosted by YourStory.
Nithin Kamath, Co-founder and CEO, Zerodha
As Zerodha turns a decade old, it is formally valuing itself at $1 billion, and carrying out an ESOP buyback plan to reward its team and put liquidity into their hands.
Swara Bhasker distributing footwear to migrant workers.
Bollywood actor Swara Bhasker kicked off an initiative to organise transportation facilities for more than 3,500 distressed migrants during the lockdown.
Shivani founder of Scraft
Walmart is helping enhance MSMEs’ capabilities so they can build sustainable businesses, create new jobs, help India increase exports, and be more self-sufficient.
Entrepreneurs from Siliguri say the city’s strategic location – it flanks four international borders – makes it easy for startups to establish their presence outside India.
HerStory examines India’s deep-rooted obsession for fair skin and whether HUL’s decision to remove ‘Fair’ from its Fair & Lovely cream’s name will change the narrative.
Quote of the day:
“India’s moment is here. Globally, the world is looking towards India, and startups are the engines of growth. Startups are creating new benchmarks and writing a new narrative in the empowerment of India."
– Ravi Shankar Prasad, Union Minister for Communications, Electronics & Information Technology and Law & Justice