Why RBF Winners in India Split Into Two Types
Revenue-based financing in India is bifurcating. India Stack native players own unit economics and data layers. Legacy wrappers compete on distribution but face structural debt. The split widens as pricing pressure increases.
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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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