Frugal Innovation (Jugaad) & Indian E-Commerce
Last week, I spoke in New Delhi at The Growth Net. My panel on “frugal innovation: technology for those living on less than $2/day” had Sanjay Kapoor and Nandan Nilekani, both of whom have had remarkable careers building technologies that have touched billions (literally). Here is an interview I gave with Boom Live after the panel which talks about the future of Indian e-commerce (e.g. Snapdeal at $5 billion valuation could be cheap) as well as the way I think about frugal innovation (e.g. using tree stumps as cricket wickets in India is just the beginning of frugal innovation – and companies like Uber could touch those in the middle class and lower class more than we think).
Leave a Reply