Used Car Market in India

An analysis of India’s evolving $2-3B personal concierge market as it shifts from traditional human assistants to sophisticated, tech-enabled lifestyle orchestration.

Legal tech is flooded with capital, but even as money pours in, structural roadblocks persist. The sector faces the unglamorous task of making legal data machine-readable through annotation and labelling—before the automation promise can truly be realised

Mobavenue, a high-performance user acquisition platform using its dynamic creative, programmatic advertising, and proprietary in-house AI-based media buying platform is set to ride the growth in the D2C market, which is expected to rise from $12 billion in FY22 to $60 billion by FY27.

Pitchfork Foods Pvt. Ltd, which sells flour under the brand name Floryo, on Friday announced that it has raised $2 million in pre-series A funding round led by 3one4 Capital. The Bengaluru-based startup has also raised $400,000 in venture debt from Alteria Capital.

Ola has always adopted scale and localisation to bring down costs. But, like the big guns in the space, it will also need to build an ecosystem and explore synergies rather than roughing it out alone

These layoffs are in line with the unicorn's plans to expedite its path toward profitability, says co-founder Gajendra Jangid

Additionally, the entire sunrise industry is at risk. By 2026, the potential market for private 5G services in India is expected to be worth 570 million dollars. The market is anticipated to expand at an average rate of nearly 35% over the following three years

The 72,993 startups registered in India over the past six years generated about 7.68 lakh jobs over this period, the government informed Parliament on Wednesday.

Gautam Adani is foraying into the telecom sector. His group will take part in the 5G auction to set up private network solutions. How will the Group's decision impact players like Jio and Airtel?

The Indian medical diagnostic industry is expected to grow at around 14 per cent touching $20 billion by 2026 from $10 billion in 2021, estimated a report released by Praxis Global Alliance, a global management consulting and advisory services firm, on Tuesday

D2C brands are witnessing rapid growth and scale in India; several brands have crossed ?100 crore in revenues rapidly," say analysts

Tie-ups in the Indian passenger vehicle space have not really worked. Although many of them were announced with great fanfare, they were dissolved in a short span of time. In fact, none of the alliances resulted in a successful product during its tenure

India's D2C market estimated to touch $60 billion in size by 2026-27: Shiprocket, CCI & Praxis Global Report

The company said it is targeting to reach Rs1000 crore in the next four years and focus on reducing costs and controlling the burn rate. So far, the company has raised Rs160 crore in funding from investors including InvestCorp, IvyCap Ventures and Spring Marketing Capital

This trend has been reaffirmed by the fact that many D2C brands across the nation have crossed the Rs 100-crore benchmark in revenue.

Many D2C brands across the nation have crossed the Rs100-crore benchmark in revenue. As per the Shiprocket-CII-Praxis report, grocery, gourmet, apparel and footwear, and personal care are the largest D2C categories, collectively capturing more than 75% of the D2C market

SoftBank– and Alpha Wave Global-backed used car marketplace Cars24 has laid off nearly 600 employees, joining a host of growth- and late-stage startups that have recently let go of employees to conserve cash as fundings slow down amid volatile global markets.

Tech platforms have ushered in an enhanced price discovery mechanism along with trust and transparency, the report says

Large companies, platforms and enablers are tapping an $8 trillion global opportunity. Can it live up to the promise?

India’s booming used car market is being driven by first time car buyers in the 25-40 year age group. According to two new surveys, affordable pricing and ease of acquisition is driving the used car market which is all set to hit nearly eight million units by FY26 and will clock a sales growth of 15% CAGR for the next four years.

Globally, Honda and Toyota have invested a lot in hybrids, and till the time that investment pays off, they will promote this technology in countries where it is unpopular and can be monetised.

The used car market is benefiting from not only financial and regulatory changes, but also behavioural changes amongst users post the pandemic.

There is large headroom for growth due to under-penetrated PV market

One ring to rule them all. More accurately, one app to serve them all. For the country’s largest conglomerates, blue-chip banks and e-commerce majors, the SuperApp is the next battleground.

What’s ailing Kitex, one of the largest infant garments brand? What’s Samir Arora’s take on market return in 2022? Why is Ola the company of the year? What are the four new labour codes?

Praxis Global Alliance has strengthened its leadership team with former EY-Parthenon partner Mohit Mittal.

Indian companies raised $16.2 billion in the third quarter of 2021 alone, while their Chinese counterparts raised $12 billion.

Entrepreneur India speaks to startup experts to get a clear picture of where India's SaaS industry stands today and its near future

Meesho is the dominant player in India’s burgeoning social commerce space, which allows small businesses, a bulk of which are led by women, to sell products on social media channels like WhatsApp and Facebook.

a bunch of young startups like Dukaan and Khatabook have been preparing the ground for these big tech giants to make a big splash

This year's GMV run-rate indicates more than 50 per cent growth year on year for the Walmart-owned ecommerce giant even as the sector remains in a policy flux. Of the current annualised GMV, around $20 billion is estimated to be from Flipkart while the rest is from Myntra.

The government has bought several measures to support startups in India, in recent years. Be it broadening the definition of startups, simplifying regulations or even Income Tax exemptions (319 eligible startups got an exception under 80-IAC of the Income Tax Act). The government has also allocated ?10,000 crores of funds for startups by the Small Industries

Agricultural technology has transformed the way agriculture has been done in previous years. The sector is expanding as a result of the massive increase in the use of mobile and the internet at the grassroots level. In 2019, total investment across sectors was $3.5 billion, with agriculture accounting for 16% of that total or $563 million spread across 58 transactions.

Indian startups have raised $6.5 billion across 160 deals in the second quarter of 2021.

While demand for private jets amongst CXOs has fallen sharply, a new customer base has emerged from India’s tech entrepreneurs and holiday-goers.

About 160 funding deals were closed in the three months to June 30, up 2% from the January-March period, while fundraising rose 71% to $6.5 billion

The experts weigh on how the gaming industry is generating a pool of employment opportunities, creating a gender-neutral ecosystem, and discuss the need to fill the talent crunch with restorative efforts

Payment startup BharatPe enters the elite club with a valuation of $2.85 billion

PC brands alter product specs to keep up with WFH and e-learning trends amid supply woes

Tech unicorns ride digital wave to race ahead in India

Zomato eyes a big slice of this grocery unicorn

Zomato invested $100 million in Grofers about a month ago for a 9.3% stake, valuing the online grocer at more than $1 billion.

Apart from Swiggy, Zomato's biggest competitor, Rebel Foods, Dunzo, Ola Foods will also be fancying their chances of a blockbuster listing or more private equity funding, say experts

More on the plate: New raise puts Swiggy valuation at $5.5 billion

the Indian e-Grocery market is estimated to touch USD 22 billion by 2025.

BB Daily, BigBasket's subscription-based morning essentials delivery business, is on the path to becoming “the most profitable” business for the company

Flipkart will double its valuation to $37.6 billion after the latest funding that included SoftBank Group as the India online retailer gears up for a public listing later this year.

Edtech leverages investors to integrate profit with purpose

Mumbai-based edtech startup Birla Brainiacs is looking to raise $5-10 million in an external round of funding and is in talks with investors, according to the founder of the company.

Edtech firm Oliveboard raises INR 23 Cr in its pre-series A round

Homegrown e-commerce company Flipkart has raised $3.6 billion in a new funding round.

After the ban on the Chinese app, many options jumped and many big people in the house grabbed a part of the market.

Zomato eyes 10% stake in e-grocery startup Grofers to counter rising competition from rivals Swiggy and BigBasket

The E-Grocery Battle: What is in Store after Zomato Invests in Grofers

IPO-bound Zomato is expected to file a proposal with the CCI this week seeking a nod for the Grofers investment.

Reliance’s e-commerce venture JioMart hit a single-day peak of 6.5 lakh orders, Reliance Industries NSE 1.48 % chairman Mukesh Ambani announced at the company’s 44th annual general meeting on Thursday. He said JioMart has brought online 3 lakh merchants and shopkeepers across 150 cities.

Unlike other startups, Bigbasket’s valuation never fully captured its growth in sales volume, revenue, user base, and its solid leadership. That was because of the founders’ choices and approach, and a set of factors that negatively influenced its funding and valuation. Under the Tatas, will the public market reward its founders when it goes for listing?

When the Chinese app TikTok launched in India, short form video content became immensely popular. But after it was banned in June 2020, Indian apps in the short form video content space have gained traction. Here are some interesting facts about how Made in India apps are faring in this space.

According to Praxis Global Alliance, a consultancy and market intelligence company, 35 Indian startups have the opportunity to achieve a billion-dollar valuation. Startups in fintech, healthcare, edtech, and other sectors such as retail and textiles are among the soonicorns, as the consulting firm calls them.

While the investors without looking at the opportune time are investing in EdTech and healthcare, the gaming industry is becoming favourable to invest after evaluating the calculated risk

The neoteric curiosity among the investors is seen through the recent investments in gaming companies and start-ups, and also the projected increase in cross border interest in M&A space

The world is facing a multifaceted crisis. A health crisis, economic crisis, geopolitical crisis, climate crisis, and overall fear and uncertainty. In the face of these challenges, there is an urgent need to ensure the people, communities, and teams are healthy both physically and mentally to make the right decisions at the right time.

One of the major reasons for Eruditus to grow is that they expanded their horizon and explored new markets

There is a lot to play for in the Indian online grocery space, which accounts for only 0.7 percent of the country’s $850-billion grocery market.

India is minting startup unicorns at a record pace in 2021. And many more could be on the way to the billion-dollar-mark before the year wraps up.

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

35 ‘Soonicorns’ are ready to move into the big league The next few months will see 35 ‘Soonicorns’ join the Unicorn league of tech start-ups.

Besides large venture capital funds like Prosus Ventures, Tiger Global and SoftBank that have made big bets on a bunch of local start-ups, many institutional investors and pension funds are investing in online businesses.

Do you think Queen was predicting the future of gaming when they asked “Is this the real life? Is this just fantasy?”

The pandemic has affected the way we live, learn, work and play. This change gave a fillip to two sectors: online gaming and ed-tech that had been clear outliers in their growth and investment trajectory.

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week

On the back of increased penetration of smartphones and digital payments, the online gaming industry in India is set to touch $2.2 billion by 2022.

As per data from research firm Tracxn, ed-tech start-ups last year raised funding to the tune of $2.15 billion as compared to $552 million in 2019.

The startup ecosystem is now ready to draw upon its structural strengths such as the availability of a strong talent pool combined with a large amount of foreign capital flowing into the ecosystem

Why e-learning companies are set to dominate India’s start-up ecosystem in 2021 and beyond

Globally, gaming is larger than movies (box office) and music combined and is one of the fastest-growing entertainment mediums, registering a 20% CAGR between 2014 and 2019.

No customer-retailer relationship is as intense as in grocery. Transactions are frequent, customer needs are mostly predictable, and sellers can count on stable revenues. Multiple players have long tried to replicate this relationship online.

Four hundred thousand grocery orders a day. Within months of launching beta operations in 200 cities, Reliance JioMart announced that mind-boggling number. Market leader Bigbasket hasn’t clocked that in its nine years of existence, leave alone three-year-old Amazon Prime Now, Grofers, and Flipkart Supermart.

The widespread uncertainty amongst merchants, shopper hysteria and the disruption of present chain induced due to the unfold of coronavirus worldwide has confirmed catastrophic in extra strategies than one. In the worst-case state of affairs, the pandemic is predicted to worth the world financial system a whopping $2 Tn.

Experts foresee a major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding

Following a sharp, unprecedented decline of nearly 10% in real GDP this summer, India’s economy will see a tepid recovery in the next twelve months. This is according to a new in-depth report from Praxis.

Udaan set to fly on recovery path as post-Covid world looks promising

As India tries to ensure a better ranking in Ease of Doing Business, a StartupBlink report for 2020, which tracks startup ecosystems, revealed a big fall in its business score. However, the report put India’s quantity and quality score high.

The impact from the pandemic to the global economy is estimated to be $2 Tn

This week on Startup Street, a bigger picture of the problems plaguing India’s startup ecosystem, what the community wants and what is being done, at a time Covid-19 stalled businesses temporarily.

India’s consumer goods giants and legacy retailers are forging unique alliances with online aggregators to tide over the logistical hurdles created by the Covid-19 pandemic.

India’s coronavirus lockdown is taking a toll on its startups. Over 25% of these companies have already announced across-the-board pay-cuts, according to a recent survey of CEOs. Another 37% are “actively considering” such a step.

The lockdown triggered by the coronavirus outbreak may prove propitious for OTT platforms, which have seen a surge in new subscribers and increased consumption of late.

While social distancing and an atmosphere heavy with caution and concern have resulted in a general slowdown in buisness, adversity has spelt opportunity for certain online and digital services.

At the dawn of the new decade, the 2020 Budget was expected to be one of the most influential ones for the Indian startup ecosystem, especially in view of the slowing economy and not-so-strong consumer sentiment globally and in India. New initiatives will go a long way in making the new-age Indian startup entrepreneur a lot more confident.

Indian startups received 25 per cent of the total $21 billion capital raised from private equity investors in India in 2018. As of 2019, India has more than 20,000 startups, about 9,000 of which are in the technology and Internet space.

Sequoia Capital and Mahindra & Mahindra backed self-driving car rental Zoomcar is betting on the electric vehicle (EV) segment and plans to add 2,500-3,000 more EVs.

Tucked away in a nondescript lane on the outskirts of Bengaluru, is the sorting facility of e-commerce giant Flipkart. Walking into the hangar-like building, you can hear grinding metallic noises.

Gurugram-based online travel agency (OTA) platform HappyEasyGo has raised INR 350 Cr ($49.4 Mn) in its Series B+ funding round.

Ola Bike, UberMoto and Rapido have been making the most of traffic congestion, narrow lanes, poor public transport systems and lack of last-mile connectivity in India.

The two largest players in the cab hailing space — Ola and Uber — are expected to bank on bike taxis and rentals, autos, corporate tie-ups and public transport collaborations to shore up ride numbers, at a time when the market has seen a year of slow single-digit growth, according to analysts, investors and industry executives

A middle-aged man wearing an old and dusty shirt and trouser looks for his passengers climbing down from the escalator outside the metro station.

Bangalore has been featured on the global list of top 25 high-tech cities, and rightly so for most of the people residing there not only work for technology but are literally being the face of rapidly changing technology.

With an aim to modernize the e-learning space in India and revamp its image, TikTok plans to launch an education initiative where it will offer small lessons from English slang to nutrition.

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.

Digital payments are driving the fintech (financial technology) revolution in India, with transactions stacking up to $64 billion in 2017-18

Dunzo, a home-grown start-up backed by Google offering local delivery services, plans to launch operations overseas such as in Southeast Asia and the Middle East next year, said Kabeer Biswas, the company’s co-founder and chief executive officer.

Fintech startups that offer stocks and mutual fund investments are relying on specialised content to ensure investors do not drop off, at a time when stock market volatility is on the up.

Fintech lending startups are putting in place a mix of physical and online processes to ensure a healthy loan book, developing an omnichannel strategy at a time when asset-quality challenges have emerged and borrowing costs have shot up.

In a move to leverage India’s growing travel industry, Amazon is offering customers cash back on domestic flight bookings from August 12 to August 20.

A fleet owner can also monitor, assess and compare the performance of all his drivers and take action accordingly.

CricBuzz, a mobile app for cricket news, was the second most downloaded application in the world during the April to June quarter, according to market intelligence firm Sensor Tower.

One year into India, furniture giant IKEA is slipping on its promises. Its investment in Livspace, looking to standardize the interiors business, could give it a leg-up. But the commercial synergies the two are exploring will take a lot more than what they’ve got on their catalogs.

Ola Electric Mobility (Ola Electric), the ride-hailing firm’s electric vehicle arm, has raised $250 million from Masayoshi Son’s SoftBank, according to regulatory documents.

At a time when tech companies and startups in India have kick-started a revolution in the country for building top innovations, issues related to government policies are presenting a huge challenge to these firms.

A differential voting right to founders helps them to have a critical say in the various strategic direction of the company such as mergers and acquisitions, and fundraising, among others.

Short-video apps such as ByteDance’s TikTok and Bigo Live are increasing the quantity of educational content for Indian users after facing censure for inappropriate content on its platforms.

In the early phase, job opportunities at e-commerce and food-tech companies attracted youth in smaller towns and semi-urban areas towards big cities

Live-commerce apps use videos to pitch products mainly to non-metro customers -  a space entrepreneurs believe traditional e-commerce hasn't fully captured.

Ixigo, which competes with Google's hotel and flight search, said that its FY19 net revenue has increased to Rs 113.5 crore from Rs 67.73 crore in FY18.

Amazon has started offering flight tickets booking on its platform loaded with cashback for both -- Prime and non-Prime customers.

Gurugram and New York-headquartered online travel company MakeMyTrip has announced its performance for the quarter and the year ending March 31, 2019.

India's Tier-2 and Tier-3 cities were the most-traveled destinations in 2018, according to a trends report based on bookings done through Paytm Travel. The report said that the Tier-2 and Tier-3 cities accounted for about 60 percent of the growth in domestic travel last year. 

Voice is becoming a key mode of communication for smart devices. Be it smart digital assistants or smart speakers, here’s how voice is the next big thing in tech, and where India stands in the change.

The Indian e-commerce sector has become the biggest battleground of two influential tech billionaires. Life is too short to do anything small.” Masayoshi Son, the billionaire founder of the Japanese technology giant SoftBank, lives by this credo.