India Stack Native SaaS Wins vs Legacy Wrapper Businesses
India Stack native SaaS companies (built on Aadhaar, UPI, GST APIs) have structural cost and distribution advantages over legacy wrapper businesses. The gap widens as APIs mature and regulatory uncertainty clears. By 2027, native will own mid-market SME software.
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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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