The Mahabharata of Indian internet unicorns

I particularly liked this point.

> The moats — those wide ditches that surround castles and filled with water to defend against attacks — for internet companies, are filled only with money. They’ve been created with the risk appetites of their investors and not with differentiators or unique business models. Moats ought to be wide and deep. Else an attacker can wade through easily. But our unicorns’ castles are protected by paper moats — made of money. Those castles cannot be defended unless the moats are refuelled constantly. That explains how Amazon just took away market share so easily from Flipkart and Snapdeal.