China’s TikTok can’t win India market easily; global formula difficult to apply in local businesses
BII MD Pankaj Makkar talks about competition from Chinese apps like TikTok and large hospitality players to its portfolio companies such as Roposo and Treebo, the fund's role as an LP versus GP, the mood of the venture capital ecosystem with respect to general elections etc.
- China's TikTok can't win India market easily; global formula difficult to apply in local businesses
- Chinese apps building businesses in India doesn't mean a lot of those will be successful here, says BII MD Pankaj Makkar.
- So it won't be easy for players like TikTok to build a business in India as it might be for Chinese mobile manufacturers.
- So over time whether all of them will be owned by one company in India or will they be owned by different companies and hence TikTok and Roposo can co-exist needs to be seen.