Tribune News Service
New Delhi, September 22
After the government’s strong arm tactics against Tik-Tok, two Indian global startups with substantial Chinese funding — Ola and Oyo — are cautiously watching the geopolitical trends besides battling to overcome the challenges created by Covid.
“Geopolitics is a big risk to global companies. Various countries are enacting policies that project companies as diplomatic enablers,” said Ritesh Agarwal of Oyo while speaking at the 47th National Management Convention of the All India Management Association (AIMA).
His strategy is to be local in branding, staffing and culture while keeping the tech global. Though confident that Indians see Oyo as a product developed in India, he said the company is nevertheless watching the situation closely. Oyo is funded by Chinese investors and has business in China.
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