Is it actually legal to sell customer data in India by tech companies?

Any platform where we can sell users data?

I am building something, say like a social network, for the consumer where they will use it. Now, I don't feel good raising from any VC because of their heinous nature, Can I raise pre-seed funding for my startup via equity as tokens worth 1 lakhs- 5 lakhs for my own customers to purchase and minimum hold for 3 years as investment? (Given the value proposition and vision aligns with their customers) Is this possible? Ofc. Yes. Questions: Is this legal? If not, can it be made legal via some procedure like crowd funding? Unlike, ICO.

What went wrong for our own Indian form of Twitter?

Been wondering how this startup is gonna become profitable at any point. Going to be the same Cheq or CRED story at best. For the uninitiated, they have their own flash.co email IDs that you can use for shopping, bookings, etc. that you can use to get discounts and stuff. They also have a nice order tracking UI.

Licenses required for fintech startup like Phonepe, Navi, Zerodha, ANQ, Cred etc., Can you help you understand Name, nature of license & Utility, Startups having them etc., This helps people to understand the legal ecosystem, how to maneuver & which licence to focus on, opportunities etc., Thank you.

How does companies like Grapevine/Blind/Hood make money? How big is the market for these type of companies?? 🤔

I was working as head of data and analytics in Zepto , Swiggy , flipkart now is razorpay. I felt work is of very poorly quality in most Indian startup , no idea of kpi, useless machine learning model , no investment in infrastructure. I think no point in joining any Indian startup as very few founder value data Now I have worked in Walmart and Citibank , core strategic decisions happens in USA and headquarters so Indian office is only pleasing the hq with support work Now analytics service like tiger fractal again work is to do sales bring any work and add to top line Witch company even more shit show So I am delusional and thinking of quitting the data and analytics field or build something of my own Data and Ai in India is just to show off and get investor money and load the pnl without return

It has been a while since I did a thread, so busy with work nowadays. My answer would be Grapevine. Never experienced something like Grapevine in a really long time. Especially, considering that it has only been their first year. What is your answer?

I want to know what does a fintech or a money management app does with all the data that they have. Do they sell it to other fintechs directly so they can sell products to customers or do they also sell it to brands for customer insights

Last 3 years of startups have been all about SaaS. I just don't get it. So far, it was about solving real problems at scale. First with consumer websites (google etc), then software, then shopping & delivery (amazon swiggy zomato fk etc etc) And now, it's all SaaS: - Imma build a startup to help white businessmen in America do better billing - Imma build a 360 degree feedback tool specifically for Norwegian miners - Imma build a SaaS software to help HR people note down who isn't dressed properly - Imma build a software to help hillbillies in the US better manage their trucking company Like how are smart people in India taking up entrepreneurship to build these ideas that are dull and feel like the end of life? How does anybody become excited by this? is it just money? what am I missing?