Why Indian Web3 Startups Chase Users They'll Never Retain
Indian Web3 startups burn cash acquiring users at ₹500-2000 per head. Retention drops to 5-12% within 90 days. The acquisition-led trap mirrors pre-UPI fintech—but this time, fundamentals may not exist.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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