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When stars die, they go out with a whimper, not a bang. The really large ones often end up as black holes.

Such seems to be the fate that awaits the sun that had positioned itself right at the centre of India’s digital ecosystem, India Stack. Appearing seemingly out of nowhere around five years ago, India Stack quickly became the gravitational centre around which India’s banking, telecom and fintech planets started revolving.

Such was the power of India Stack that multi-billion-dollar businesses could be created, or destroyed, based on their knowledge and access to the APIs—‘application programming interfaces’ are software functions that allow disparate applications to talk to each other and exchange data—provided by India Stack.