1947 Tech — Week 33
A few good articles and tweets that I came across this week..
1. Innovative for the word: Indian companies are building products that are innovative globally
World is changing. China, which used to be viewed as a copycat nation is now viewed as building products that are innovative globally.
In May 2018, an Indian company set a new world record for most viewers for an OTT video stream. 10m concurrent viewers watched the final of the IPL cricket championships between the Chennai Super Kings and Sunrisers Hyderabad on the video streaming platform Hotstar
Following Hotstar’s success. We will see more and more companies from India that will build products which will be innovative globally.
2. Gen Z is taking over: Gen Z is on course to outnumber millennials within a year
India is a Gen Z driven country. India, which has about 1.3 billion people versus China’s 1.4 billion, will see its Gen Z population rise to 472 million next year
Gen Z will comprise 32% of global population of 7.7 billion in 2019, nudging ahead of millennials, who will account for a 31.5% share, based on Bloomberganalysis of UN data, and using 2000/2001 as the generational split.
The demographic handover is good news for delivery services, gadget makers and the so-called gig economy.
According to an annual survey of young people by Deloitte Touche Tohmatsu Ltd, “Gen Z respondents anticipate being slightly happier than their millennial counterparts,” with those in emerging markets in both groups more optimistic about economics and social progress than counterparts in developed nations.
3. A Report: Unlocking Digital for Bharat: $50 Billion Opportunity
On average, 40 million new internet users per year are added to online transactions, but only 40 percent of India’s 390 million internet users transact online.
There is potential to unlock over US $50 billion in online commerce in India by driving awareness, usage, and transactions among the current and next set of internet users and shoppers. This will be driven by more than 500 million Indians who will constitute the next wave of online consumers. However, these consumers experience significant barriers in accessing the internet.
Full report
4. Sequoia is long on India: Sequoia wraps up new $695M fund for India and Southeast Asia
Sequoia India closes its sixth fund at $695M; targets startups across Southeast Asia and India; focused on a range of industries including healthcare and consumer tech; previous investments include food delivery service Zomato and payments firm Pine Labs.
Few Tweets:
Consumer trends: As Indian consumers scale upwards, Deepak Shahdadpuri shares the opportunity that he sees in the consumer market in India
Sajith Pai makes a career move. He joins Blume Ventures as a full time VC. Sajith writes very thoughtful tweets and blogs on Indian market. I highly recommend following him
