Krishna Bayre Gowda states that technology can improve governance; Indian startups should build products for the global market from the start
Read more
YourStory [india, en]
yourstory.com

Krishna Bayre Gowda states that technology can improve governance; Indian startups should build products for the global market from the start

Important discussions on deep technologies, venture capital, and the application of technology in public administration took place during the flagship technology summit YourStory 2026.

Krishna Bayre Gowda, Minister for Development of Greater Bengaluru in the Government of Karnataka, emphasized the significance of technology for increasing transparency, reducing corruption, and improving the governance system. He noted that technology is capable of eliminating distrust between citizens and state structures.

Gowda, highlighting the economic importance of Bengaluru in GCC investments and IT service exports, urged entrepreneurs and developers to apply their innovations not only in commercial software but also to solve real socio-economic problems. He stated that Bengaluru remains a center of dynamism that fosters talent development and contributes to the country's economy and the global arena.

During a panel discussion on capital for deep technologies, venture capitalists noted that the deep tech ecosystem generates new types of founders and bold ideas. Investors focused on the deep tech segment believe that Indian founders possess unique capabilities for creating self-sufficient technologies.

Panelists stressed that deep tech founders need to find narrow niches and develop solutions around them, as traditional product creation methods are no longer suitable.

In a coffee chat with Shraddha Sharma, founder and CEO of YourStory and The Bharat Project, Tally Managing Director Tejas Goenka, and Executive Director Nupur Goenka discussed how the company has remained relevant for 40 years.

Manish Maheshwari, Managing Director of Stripe India, stated that Indian startups no longer need to wait for establishment in the domestic market before going international. He advised founders to think globally and create products for international markets from day one. At the TechSparks 2026 summit, he highlighted the role of payment infrastructure, localization, and artificial intelligence in scaling Indian business abroad.

PhonePe CEO Samir Nigam announced at the YourStory TechSparks 2026 event that the fintech company is balancing regulatory compliance requirements with the need for innovation and scaling. The company is preparing to resume IPO plans after stabilizing global markets while simultaneously expanding its payment business internationally. Nigam also spoke about implementing UPI on basic feature phones and increasing financial service accessibility for more Indians.

Popular