<ul><li>Anupam Mittal, the CEO of Shaadi.com and Shark Tank India judge, criticized the Indian startup ecosystem for lacking real tech firms that can match the innovation and profitability of U.S. giants like Apple, Meta, and Google.</li><li>Mittal highlighted that many Indian startups are chasing tech valuations without the requisite technology, with some even posing as tech companies to attract higher valuations.</li><li>He emphasized the difference between true tech companies driven by proprietary technology and strong margins versus 'tech-enabled' businesses that only use digital tools to operate.</li><li>Mittal also expressed concerns about the negative impact of excessive scrolling on young Indians, warning about the consequences of overstimulation and under-inspiration caused by technology, social media, and AI-driven content.</li></ul>

'We have companies posing as tech': Anupam Mittal says India has no real tech firm

Discover more