ETtech Morning Dispatch on Feb 12, 2021: Swiggy’s war chest against Zomato, Crypto under threat in India
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Good morning,
Before we begin, Koo, the Made-in-India Twitter clone, is already fighting allegations that its app leaks private data of its users. On the plus side, it has new, non-Chinese, investors.
But today’s top story is Swiggy, or rather the giant chunk of change that’s about to land in India from Qatar, Singapore and others. Elsewhere, we take a closer look at the government’s long-and-widely rumoured plan to ban all “private” cryptocurrencies in India while launching its own “public” i.e., state-owned version at the same time. But the difference between “private” and “public” crypto isn’t simply one of ownership. The two are actually two very different things in practice.