Yes obviously it’s a big problem but we have to think different from others. If we think to start something and someone is doing the same thing very well then it’s quite difficult for startups.
First of all, we have to keep in mind that every business has it’s own customers and we have to focus on our customers only.
There are Amazon and eBay but still, Flipkart is doing very well. eBay and Amazone are focusing all over the world but Flipkart is focusing only on Indians. This is the thing which we have to follow.
We can see Ola is doing a great job but still Uber is there. The same thing is happening in here also.
eBay may be a shark in the ocean, but I am a crocodile in the Yangtze River. If we fight in the ocean, we lose, but if we fight in the river we win. — Jack Ma(alibaba.com)