Big-tech global firms challenge homegrown startup growth: CCI top official

Indian startups struggle to compete with global big tech companies like Google, Facebook, and Amazon, due to their vast resources and control of data, said Ansuman Pattnaik, director general, Competition Commission of India (CCI), the country’s anti-trust body.

“Startups do face problems with the big digital firms, popularly called GAFAM (Google, Apple, Facebook, Amazon and Microsoft) and now NVIDIA. It is because these firms are pretty powerful and have rich resources and data. Against them, startups sometimes find difficulty in growing,” said Pattnaik.