Anupam Mittal calls out global firms for rupee price conversions
Business
Anupam Mittal, founder of Shaadi.com and Shark Tank India investor, called out global companies for simply converting their prices to rupees without thinking about what Indian customers actually want.
He explained that people here expect clear value for their money, and aren't shy about finding ways around pricey subscriptions if the benefits aren't obvious.
Mittal: AI must prove in India
Mittal pointed out that, just like telecom, payments, and entertainment sectors before them, AI companies must prove their worth in India's demanding market.
He summed it up: "India is not a cheaper version of America. It is a far more demanding market."
Many agree: Indians will pay premium prices, but only when they see real results.