Water Tech: Stack-Native vs Legacy Wrapper Economics
India's water crisis is spawning two divergent business models: Stack-native companies leveraging UPI, Aadhaar, and open APIs, and legacy wrappers adding digital layers to old infrastructure. Stack-native businesses have 3-5x better unit economics but face adoption friction. Wrapper businesses scale faster but cap at margin.
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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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