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Sector Thesis·3 min read·Week 22

Procurement Tech: Why Vertical Wins in India's Fragmented Market

Horizontal procurement platforms struggle in India due to fragmented buyer behavior and low digital adoption in SMEs. Vertical plays—focused on specific industries like construction, pharma, or FMCG—win by solving category-specific pain points and building defensible margins. Timing matters: the window for horizontal consolidation has closed.

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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Procurement Tech: Why Vertical Wins in India's Fragmented Market · Aletheia Insights