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Sector Thesis·4 min read·Week 25

Construction Tech: Why APIs Fail, Verticals Win in India

API-first construction platforms have underperformed in India despite $2B+ funding. Vertical solutions controlling the full workflow—procurement, execution, payments—are capturing real margin and customer lock-in. The India Stack solved identity and payments, but construction demands operational control.

ByAmit Tyagi·Fitoor Capital
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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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#construction-tech#vertical-platforms#india-stack#working-capital-moat

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Construction Tech: Why APIs Fail, Verticals Win in India · Aletheia Insights