1947 Tech 🇮🇳 : #49

1. Worried About China? Multinationals Now Favor India

Global consumer brands have long been infatuated with Chinese consumers. Now it is India’s shoppers they are after.

2. Big Funding Round: Naspers and CPPIB back Byju’s, valuation jumps to $3.6 billion

Education technology platform Byju’s is closing a $400 million round of funding as it looks to fuel its global expansion plan.

3. Mobile-first nation: A third of Indians make purchases on their smartphones:

Over a third Indian shoppers are buying from their smartphones, making India one of the largest market for mobile-based internet shopping in the Asia Pacific region, as per the latest study by market researcher GfK.

4. Ease of doing business: India set to allow business visa extension for up to 15 years

Historically India has been ranked amongst the lowest in the world ranking when it comes to ease of doing business. However, in the last few years, India has realized the importance of the private sector and foreign investments in India.

A week in review

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Shiva Singh Sangwan

Shiva Singh Sangwan

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