How Covid-19, Increased Internet Usage Pushed More Startups to Go Public in India
3 years, 9 months ago

How Covid-19, Increased Internet Usage Pushed More Startups to Go Public in India

News 18  

Over the last 10 years, the internet usage in India has grown at a compound annual growth rate of 30 per cent, resulting in 13 times growth of the sector and preparing notable startups in the areas of e-tailing, online grocery and others to launch their IPOs in the near future, a new report showed on Monday. The rapid growth in the consumer internet market has led to higher foreign investments, increased employment opportunities and improved standards of living for people. With Covid-19 expediting digital trends, the adoption of these online services has grown significantly, and platforms have seen a huge spike in their user-base,” said Mrigank Gutgutia, consumer internet expert at market research firm RedSeer. This, in turn, has accelerated growth for the consumer internet sector which is now expected to grow 4 times over the next 4-5 years, the report mentioned.

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History of this topic

Online food delivery estimated to grow at 18% y-o-y: Report
5 months, 3 weeks ago

Online food delivery estimated to grow at 18% y-o-y: Report

The Hindu  

Online food delivery penetration in India has gone up from 8% to 12% between 2019 and 2023, representing a 2.8 times growth in online food delivery compared to overall food services, noted a joint report by Bain & Company and Swiggy released on Wednesday. The report says that over 70% of food services consumption as of 2023 is concentrated in …

Setting the rules in disputes over apps
9 months, 2 weeks ago

Setting the rules in disputes over apps

Hindustan Times  

Last week, Google delisted the apps of 10 Indian businesses from its proprietary app store. This incident, which saw some apps relisted after mediated discussions, highlights the need for a thoughtful resolution of business disputes in the digital economy, increasingly contested on the notion of “fairness”. The margins-led fight between apps and their distributors has many analogues, such as telecom …

Budget 2024: Online retail industry calls for higher spending on digital infrastructure
10 months, 3 weeks ago

Budget 2024: Online retail industry calls for higher spending on digital infrastructure

India TV News  

The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD …

E-grocery continues to grow at the same pace even after the pandemic
10 months, 4 weeks ago

E-grocery continues to grow at the same pace even after the pandemic

Deccan Chronicle  

Chennai: E-grocery, which grew at a CAGR of 64 per cent during the pandemic, continues its pace of growth even after the return of normalcy. Among the various e-tailing segments, e-grocery had the highest growth rate at 64 per cent since FY19. However, of the total number of e-tailing users in India, only about 11 per cent or 25 million …

India's online gaming industry gains with increased user spending
1 year, 1 month ago

India's online gaming industry gains with increased user spending

Live Mint  

NEW DELHI : After years of stagnation, e-sports and video game firms in India have begun generating in-game and An industry report by Google and venture capital firm Lumikai, released on 2 November, pegged the annual average revenue per user for India’s gaming industry to reach ₹1,600 by FY23-end, rising tenfold in the past four financial years. Roby John, co-founder …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

Over 50% Indians are active internet users now; base to reach 900 million by 2025: report
1 year, 7 months ago

Over 50% Indians are active internet users now; base to reach 900 million by 2025: report

The Hindu  

For the first first more than half of Indians, 759 million citizens, are active internet users and access the internet at least once a month, a joint report by industry body IAMAI and market data analytics firm Kantar said on May 3. This is for the first time that the majority of Indians have become active internet users," the Internet …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey
1 year, 10 months ago

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey

The Hindu  

The e-commerce sector “witnessed a renewed push and a sharp increase in penetration in the aftermath of the pandemic,” the Economic Survey 2022-23 said. Those “that adopted digital solutions fared far better than offline MSMEs, assisting them in accessing a large marketplace without incurring huge costs,” according to a study by the Indian Institute of Foreign Trade cited by the …

How e-com giant Flipkart is powering India’s retail growth story
2 years, 1 month ago

How e-com giant Flipkart is powering India’s retail growth story

Hindustan Times  

India is amongst the fastest-growing economies in the world today and e-commerce has acted as one of the major pillars of this growth, especially in the aftermath of the pandemic when customers across the country transitioned to online retail as the preferred platform for all kinds of purchases. As retail moved online and powered the growth of the economy, major …

India to have around 900 million internet users by 2025: Report
2 years, 4 months ago

India to have around 900 million internet users by 2025: Report

Live Mint  

Around 346 million Indians are engaged in online transactions including e-commerce, and digital payments, according to a report published by the Internet and Mobile Association of India. The IAMAI report titled 'Internet in India' stated that the global coronavirus pandemic has witnessed a record increase of 51% from 230 million in 2019 in India, in online transaction in the past …

Indians are shopping online more than ever before
2 years, 5 months ago

Indians are shopping online more than ever before

Live Mint  

Online retail spending in India is expected to grow nearly sixfold to $300 billion by 2030, with expansion in the number of digitally-influenced shoppers and online shoppers, a Boston Consulting Group report said on Wednesday. According to the report, the number of digitally influenced shoppers has grown rapidly in recent years, reaching 280 million from 260 million and online shoppers …

Ordering Essentials Online Even Post Covid? Here's How AI Has Tiptoed in Your Life & Won't Let You Go Out Soon
2 years, 6 months ago

Ordering Essentials Online Even Post Covid? Here's How AI Has Tiptoed in Your Life & Won't Let You Go Out Soon

News 18  

When the Covid-19 pandemic was declared by the World Health Organization in 2020 and several countries, one after another, including India, began to declare nationwide or partial lockdowns, forcing many people to stay inside their homes, the digital connectivity boomed. “Additionally, industry leaders are aggressively investing in technologies that offer predictive capabilities, focusing on artificial intelligence and machine learning solutions …

Rural India has 20% more internet users than urban areas: Nielsen
2 years, 7 months ago

Rural India has 20% more internet users than urban areas: Nielsen

Live Mint  

Rural India has a 20% higher presence of internet users than urban parts of the country, according to a recent study by data and market measurement firm Nielsen. Overall, India has 646 million active internet users aged two years and above as of December 2021. “Availability of budget smartphones and affordable mobile data along with the Indian government’s efforts to …

India to have 500 million online shoppers by 2030, says study
3 years, 3 months ago

India to have 500 million online shoppers by 2030, says study

Live Mint  

NEW DELHI: India's Internet user base is expected to touch 900 million by 2025, up from 622 million now, which will lead to multifold growth in online shopping, as per a joint report by MMA India and media agency GroupM released on Tuesday. The online retail market is set to expand three fold over the next four to five years, …

E-commerce boom sees demand for warehouse spaces rise in Bengaluru
3 years, 4 months ago

E-commerce boom sees demand for warehouse spaces rise in Bengaluru

The Hindu  

The pandemic brought about many sweeping changes in people’s lifestyles, including a heavy dependence on e-commerce platforms, more so during the lockdown. Also warehousing has become a promising investment opportunity for institutional investors.” She said expecting high spurt, developers were acquiring land on the outskirts of Bengaluru to develop warehouse spaces. ‘Has remained resilient’ Farook Mahmood, founder and chairman emeritus, …

Value e-commerce in India to touch $40 billion by 2030: Report
3 years, 4 months ago

Value e-commerce in India to touch $40 billion by 2030: Report

The Hindu  

The value e-commerce market in India is expected to touch $40 billion by 2030, up from $4 billion in 2019, driven by a rapid increase in internet user base and as more people embrace online shopping, a report by Kearney said. He added that while only 4% of this demand is today served by online channels, this will rise to …

How Indians Are Spending Time Online: 10 Hours A Week More And An Urge To Buy 5G Phones
3 years, 4 months ago

How Indians Are Spending Time Online: 10 Hours A Week More And An Urge To Buy 5G Phones

News 18  

It isn’t a surprise when the annual Ericsson ConsumerLab report on how Indians are using their smartphones now, is pointing towards significantly increased usage. The Ericsson ConsumerLab report titled The Future of Urban Reality has captured data and insights from smartphone and internet users between the ages of 15 and 69 years in India, and suggests that not only has …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 4 months ago

Digitising Indian retail: Looking at challenges and exploring growth models

Hindustan Times  

According to the United Nations Conference on Trade and Development’s B2C E-commerce Index 2019, India ranks 73 out of 152 countries on its readiness to support online shopping.1 India leads among South Asian countries, while Asian states like Iran, China, Kazakhstan, Azerbaijan, Vietnam and Tunisia fare better than it on the index. Nevertheless, India’s domestic e-commerce market is expected to …

Explained: How businesses plan to expand as Covid situation improves
3 years, 5 months ago

Explained: How businesses plan to expand as Covid situation improves

India Today  

Several businesses in the country are planning to expand as the Covid-19 situation improves after the deadly second wave. A retail sales boost is crucial for India’s economic recovery, which was unceremoniously halted by the second Covid-19 wave. FABINDIA’S EXPANSION DRIVE Fabindia, one of the country's most well-known retail chains dealing in a variety of ethnic and handmade products, plans …

India Will Have 900 Million Active Internet Users By 2025, Online Population to Grow 45%: Report
3 years, 6 months ago

India Will Have 900 Million Active Internet Users By 2025, Online Population to Grow 45%: Report

News 18  

The number of active Internet users in India was at 622 million in 2020. According the the ICUBE 2020 report, urban India reached 323 million Internet users in 2020, and rural India reached 299 million users over the past year. Biswapriya Bhattacharjee, Executive Vice President, Insights Division, Kantar, stated, “By 2025, there would be a greater number of internet users …

COVID-19 has Sparked New Wave of Innovations Across Consumer Industries: Accenture Research
3 years, 6 months ago

COVID-19 has Sparked New Wave of Innovations Across Consumer Industries: Accenture Research

News 18  

Accenture, the leading international consulting company, has released findings of their latest research that states that consumer-centric companies are repurposing physical locations, exploring new business models, and rapidly adopting advanced analytics and “other disruptive technologies,” to find new sources of growth. The findings from the ‘How consumer companies can innovate to grow’ report note that 95 percent of consumers have …

India retail: A nearly $900 billion market dominated by mom-and-pop stores
3 years, 9 months ago

India retail: A nearly $900 billion market dominated by mom-and-pop stores

Business Standard  

ost of India's grocery retail happens at kiranas - small- and mid-sized mom-and-pop outlets which account for 75-78% of the consumer goods market, Ambit Capital estimates India's expanding retail landscape is changing fast, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores and ordering …

India should focus on job creation for balanced growth
3 years, 9 months ago

India should focus on job creation for balanced growth

Live Mint  

Budget 2021-22 was a balanced one, given the difficult circumstances the country faced. India’s unemployment rate rose to 9% in December, by data from the Centre for Monitoring Indian Economy, with around 9 million losing their jobs between September and that month. Additionally, urban job initiatives along the lines of the rural employment scheme could serve well in tackling rising …

Festival season online shopping creates perfect storm for cybercrime, McAfee says
4 years, 1 month ago

Festival season online shopping creates perfect storm for cybercrime, McAfee says

The Hindu  

As the pandemic forced people to shift their activities online, cybercriminals are taking advantage of Indian consumers relying on digital shopping during the festival season, according to cybersecurity firm McAfee. In its study titled ‘2020 holiday season: state of today’s digital e-Shopper’, the cybersecurity firm found 68% of Indian consumers saw an increase in their online shopping activity this year. …

Confidence in the air as consumers flock to showrooms for festive shopping
4 years, 1 month ago

Confidence in the air as consumers flock to showrooms for festive shopping

India Today  

A revival of consumption after months of stagnation is clear evidence of green shoots in the Indian economy: most showrooms have seen sales grow by 20-40 per cent in the last one month. Megastores like Tata Croma have seen a 20 per cent sales growth in October over the previous month. Ritesh Ghosal, CMO, Tata Croma-Infiniti Retail told India Today …

Opinion | Covid and its impact on economy and MSMEs
4 years, 2 months ago

Opinion | Covid and its impact on economy and MSMEs

Live Mint  

The covid-19 pandemic is the most significant economic event in our lifetime. What this growth looks like As many businesses are seeing today, digital adoption can be a short-term solution to aid business continuity, but many are yet to see this as a long-term solution to build business resilience. Through digital adoption and technology access, MSMEs can modernize not only …

Retailers reach out to shoppers directly amid shift in habits
4 years, 4 months ago

Retailers reach out to shoppers directly amid shift in habits

Live Mint  

Companies are trying out new strategies, including launching their own e-commerce sites, taking orders via WhatsApp calls and organizing swift home-deliveries as they seek to cope with a world that has been transformed by the coronavirus pandemic. “Online is seeing a big surge right now because of the current environment,” said Sundeep Chugh, chief executive officer, Benetton India. Online has …

Covid-19 Pandemic Impact to be Severe, Prolonged for Aviation, Hospitality, Retail Sectors: ICRA
4 years, 4 months ago

Covid-19 Pandemic Impact to be Severe, Prolonged for Aviation, Hospitality, Retail Sectors: ICRA

News 18  

The coronavirus pandemic will significantly impact performance of companies and it is likely to be severe and prolonged for select sectors, especially aviation, hospitality and retail, according to ratings agency ICRA. As per ICRA analysis, the impact is likely to be severe and prolonged for select sectors, especially aviation, hospitality, retail and allied businesses," it said. The ratings agency, however, …

Covid-19 impact: Which service sectors will boom in the coming digital era?
4 years, 4 months ago

Covid-19 impact: Which service sectors will boom in the coming digital era?

India Today  

According to popular belief, the GDP of a nation is the yardstick of the growth of its economy. In this text, a sectoral comparative analysis of the service economy in the post Covid19 era is being done to better understand and put into use the practices and lessons learned in line with changing para dynamics of the digital marketing and …

Coronavirus outbreak boosts digital payments in India as people fear to handle cash
4 years, 5 months ago

Coronavirus outbreak boosts digital payments in India as people fear to handle cash

Live Mint  

The coronavirus outbreak may finally accomplish what India’s shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares. “What would have taken five years has happened in the last three months.” Prime Minister Narendra Modi’s government has long sought to push digital payments for India, where three …

India on the cusp of the age of super apps
4 years, 5 months ago

India on the cusp of the age of super apps

Live Mint  

BENGALURU :India’s first nationwide lockdown in late March did not spare internet businesses. To arrive at a score, RedSeer used three parameters: resilience, which looks at metrics like new customer additions and time spent; innovation, which captures consumer perception of new products, services and features launched by the internet platforms during the lockdown; and empathy, which measures the consumer perception …

Pandemic pushes average monthly data usage beyond 11GB
4 years, 6 months ago

Pandemic pushes average monthly data usage beyond 11GB

Live Mint  

NEW DELHI :The coronavirus lockdown fast-tracked internet usage in India by two-three years, with average monthly data usage rising by 30% to cross 11GB, an Ernst and Young study said. The survey by professional services firm Ernst and Young, titled Digital Consumer Survey: Shaping The New Normal, surveyed over 2,600 consumers to study the changing behaviour and perception towards digital …

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