{
  "id": 14599043,
  "title": "Tech can improve governance, says Krishna Byre Gowda; Why Indian startups should build for the world from day one",
  "url": "https://urgent.news/2026/10/15/tech-can-improve-governance-says-krishna-byre-gowda-why-indian",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-15T02:20:02.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/tech-can-improve-governance-says-krishna-byre-gowda"
  },
  "original_language": "en",
  "account": "The TechSparks 2026 summit continued to captivate and inspire attendees, with key discussions centered around artificial intelligence, venture capital, and technology's impact on governance. Krishna Byre Gowda, the Minister for Greater Bengaluru Development, emphasized technology's potential to enhance transparency, reduce corruption, and bridge the trust deficit between citizens and the government. He urged Indian entrepreneurs to apply their innovative solutions beyond commercial software to tackle socio-economic challenges.\n\nIn a panel discussion on deeptech capital, venture capitalists highlighted the emergence of new types of founders and bold ideas within the deeptech ecosystem. They stressed that Indian founders possess unique capabilities that can lead to the creation of self-reliant technologies. These founders must identify niche areas and build tailored solutions, as traditional product development approaches are no longer effective.\n\nA fireside chat with Shradha Sharma, Founder & CEO of YourStory and The Bharat Project, featured Tally’s Managing Director Tejas Goenka and Executive Director Nupur Goenka. They discussed how the company has maintained its relevance for four decades, adapting to changing market conditions and technological advancements.\n\nAs the final day of TechSparks 2026 approached, the summit touched on various topics, including the importance of building globally from the outset. Manish Maheshwari, Managing Director of Stripe India, emphasized that Indian startups should consider international markets from the initial stages of their businesses. Stripe's data revealed that 76% of customers prefer to pay in their local currency, while offering localized payment methods can boost revenue by approximately 12%. Additionally, Stripe's planned acquisition of OpenRouter aims to assist businesses in managing AI expenses while fostering sustainable business models.\n\nAnother critical aspect of governance discussed at the summit was the need for trust, strong governance, and unwavering ethics to complement technology-driven innovation. PhonePe, a leading Indian fintech company, is striving to balance regulatory compliance with innovation and scalability. CEO Sameer Nigam highlighted the company's plans to resume its IPO listing once global markets stabilize, following extensive groundwork completed prior to pausing the process in March 2026. Nigam also discussed PhonePe's efforts to expand its payments business internationally, including a feature-phone UPI offering gaining traction and a potential expansion into the UAE contingent on final regulatory approvals.",
  "summary": "At TechSparks 2026, Karnataka Minister for Greater Bengaluru Development, Krishna Byre Gowda, acknowledged the challenges facing Bengaluru and said there is plan to address some of key issues.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}