Author: Business Matters Editor

In a strategic move to fortify its leadership team, iD Fresh, the renowned Indian fresh food brand, has appointed FMCG industry veteran Rajat Diwaker as its new CEO for the Indian market. Simultaneously, iD Fresh’s co-founder and former CEO, PC Musthafa, is set to take on a global role within the company. This transition marks a significant development for iD Fresh as it continues to expand its footprint both nationally and internationally. Rajat Diwaker’s Appointment: Strengthening Leadership for Indian Operations Rajat Diwaker brings with him a wealth of experience in the fast-moving consumer goods (FMCG) sector, having held key leadership…

In an era marked by digital transformation, the Indian subcontinent has witnessed an unprecedented surge in mobile app downloads, showcasing the growing reliance on smartphones for various aspects of daily life. The year 2023 proved to be a landmark period, with Indians collectively downloading over 26 billion mobile applications, underlining the nation’s insatiable appetite for digital solutions. The Digital Revolution Unveiled: A Paradigm Shift in Consumer Behavior The rapid increase in mobile app downloads signifies a fundamental shift in the way Indians access information, services, and entertainment. From e-commerce and finance to healthcare and education, mobile apps have become indispensable…

In a paradigm shift within the Asia-Pacific (APAC) region, India’s video industry has risen to become the third-largest, showcasing remarkable growth and indicating a promising trajectory. According to a comprehensive report, the sector is on the cusp of monumental expansion, poised to hit a staggering $17 billion by the year 2028. Current Landscape and Growth Factors As the second-most populous country globally, India has witnessed a significant surge in digital consumption, driven by increased internet penetration, affordable data plans, and a growing youth demographic. The confluence of these factors has fueled the ascent of the video industry, making it a…

In the rapidly evolving landscape of electric vehicles (EVs), Vietnamese automaker VinFast is making waves with its plans to potentially establish an EV battery plant in India. As Tesla’s competition heats up globally, this move signals a strategic step toward expanding VinFast’s presence and contributing to the growing EV market in India. VinFast, a subsidiary of the Vingroup conglomerate, has been gaining attention for its ambitious goals in the electric vehicle sector. The company, founded in 2017, has rapidly progressed from being a newcomer to a significant player in the automotive industry. With a strong focus on innovation, sustainability, and…

In a bid to foster innovation and entrepreneurship, the Indian Institute of Technology Madras (IIT Madras) has announced ambitious plans to incubate 100 startups across various sectors in the year 2024. This move comes as part of the institute’s ongoing commitment to nurturing and supporting the next generation of entrepreneurs and promoting a culture of innovation within its academic ecosystem. IIT Madras has long been recognized as a hub for technological advancements and cutting-edge research. With its strong emphasis on fostering an entrepreneurial spirit among its students, faculty, and alumni, the institute has consistently played a pivotal role in shaping…

India has emerged as the fastest-growing premium phone market globally, according to recent data from Counterpoint Research. The premium smartphone segment, which includes devices in the higher price range, has seen remarkable growth in India, showcasing the country’s increasing appetite for high-end mobile devices. In recent years, the Indian smartphone market has undergone a significant transformation. Traditionally known for its dominance in the budget and mid-range segments, India is now making significant strides in the premium smartphone space. Counterpoint’s data reveals that the premium segment in India experienced a robust growth rate, outpacing other global markets. One key factor contributing…

In a strategic move that signals confidence in India’s economic growth and regulatory environment, three prominent players in the country’s fintech landscape—Pine Labs, Udaan, and Meesho—are reportedly considering relocating their domiciles to India. This trend, often referred to as the “homecoming season,” reflects a broader shift in the global business landscape as companies reassess their international operations. Pine Labs, a leading merchant commerce platform, has been a key player in the fintech space, providing innovative payment solutions to businesses across various sectors. Udaan, an e-commerce platform connecting manufacturers and traders, and Meesho, a social commerce platform empowering small businesses, have…

Reliance Jio, the telecommunications giant in India, is reportedly on the verge of receiving approval from the Indian National Space Promotion and Authorization Center (IN-SPACe) to launch a groundbreaking satellite-based gigabit internet service. This move could revolutionize the digital landscape in India, providing high-speed internet access to remote areas and significantly enhancing connectivity nationwide. The proposal to launch a satellite-based internet service aligns with Jio’s vision to expand its digital footprint and bring affordable, high-speed internet to every corner of the country. IN-SPACe, the regulatory body overseeing private sector participation in space activities, plays a crucial role in granting approvals…

In recent years, India has emerged as a hotbed for technological innovation, with a burgeoning ecosystem of tech startups contributing significantly to economic growth and job creation. This dynamic sector has not only transformed the business landscape but also positioned India as a global player in the digital economy. The rise of these startups has played a pivotal role in fostering innovation, attracting investments, and generating employment opportunities across the country. Innovation and Disruption: Tech startups in India have been at the forefront of innovation, introducing disruptive technologies that have redefined traditional industries. From fintech and healthcare to e-commerce and…

The landscape of venture capital (VC) in India has been undergoing dynamic transformations, with 2023 marking a significant year for investment trends. As we look back at the patterns that shaped the venture capital ecosystem in India and gaze forward into 2024, several key trends and potential outlooks come into focus. 1. Sustained Growth in Tech Investments: The technology sector continued to dominate venture capital investments in 2023, with a particular focus on emerging technologies like artificial intelligence, blockchain, and biotech. India’s startup ecosystem witnessed a surge in funding for innovative tech solutions, reflecting a global trend of increased reliance…