<ul><li>Union commerce and industry minister Piyush Goyal's critique of India's startup ecosystem at Startup Mahakumbh 2025 has sparked reactions from several founders and investors.</li><li>Goyal's remarks, calling for deeper innovation in areas like semiconductors and questioning the focus on consumer-facing sectors, drew mixed responses from industry leaders and the public.</li><li>Supporting Goyal's viewpoint, Bhavish Aggarwal, CEO of Ola, emphasized the need for building innovation and future tech instead of lifestyle apps.</li><li>On the other hand, opposing Goyal's comments, Mohandas Pai, former CFO of Infosys, questioned the lack of support for deep-tech startups and the limited funding in India.</li></ul>

Founders react to Piyush Goyal's critique of India's startups: Who said what?

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