Category — Communication across Cultures

Google Invests $12 million in Indian Startup

Having picked up a significant minority stake in Bangalore, India-based Dunzo, a hyper-local concierge and delivery player, Google made its first direct investment of $12 million in an Indian startup. With a chat-based interface, the Dunzo app facilitates daily tasks management — individuals can create ‘to-do lists’ and collaborate with partners / vendors to strike off the tasks from the list.

The investment is part of Google’s ‘Next Billion Users’ push, as it seeks to build an ecosystem in India across high-frequency hyper-local transactions as well as in the healthcare, financial services, and education sectors, reports the Economic Times.
Google India Logo
“I see a change in tack,” said Rutvik Doshi, managing director at Inventus Capital and a former Googler, adding that Google probably now sees India as a large enough market to make investments. “After getting the first two billion users, Google has realized that to get the next one billion they will need to rethink their product stack and approach,” he said.

December 11, 2017   No Comments

Madame Tussauds Museum Launches in New Delhi

Madame Tussauds Wax Museum opened its doors on December 1, in New Delhi. It will be home to around 50 wax figures, including cricketers Sachin Tendulkar, Brian Lara; actors Richard Gere, Amitabh Bachchan, Salman Khan, Marilyn Monroe; sports personalities Mary Kom, Milkha Singh and Lionel Messi; as well as political leaders Mahatma Gandhi, and current Prime Minister of India, Narendra Modi.

Sachin Tendulkar's wax figure at Madam Tussauds Delhi

Sachin Tendulkar’s wax figure at Madam Tussauds, New Delhi

Anshul Jain, general manager and director, Merlin Entertainment Group, India, which brought Madame Tussauds to India said, “60 percent of the wax models are Indian.” The ticket price in India is one-third the charge elsewhere in a bid to make it more accessible to the masses, reports the Indian Express.

December 6, 2017   No Comments

WeWork Expands to India

Miguel McKelvey, co-founder and chief creative officer of the $20 billion New York-based collaborative workspace startup WeWork, discussed his business in India with Forbes’ India staff Anshul Dhamija.

McKelvey said that in India WeWork had entered into a partnership with the Embassy Group. They launched operations in the beginning of this year and had close to 350,000 square feet of shared workspaces in Bangalore and Mumbai. “India’s probably the biggest market for us,” says McKelvey.

The concept of sharing a workspace with diverse set of professionals and enterprises is new in India and is catching on. WeWork gives access to discounted health care services, payment processing for their companies, IT support, education and training, to all its members.

When asked to comment on what opportunities India offers, McKelvey said: When we first came here, or thought about coming here, it certainly felt a bit overwhelming because it’s such a huge place and the culture is so diverse, varying from city to city and state to state. So having a partner is essential in understanding the local culture and also gives us credibility in the market. India’s probably the biggest market for us. While we are super excited to be in Japan, Australia and Europe, we are talking about hundreds of millions of people here in India. I think this is a place that, in the upcoming years, will play a major part in the way the world economy develops. For us to be here now is an incredible opportunity.

Inside an Office

October 29, 2017   No Comments

Regional Languages Drive India Smartphone Sales Further

With nearly as many smartphone users as the U.S. has people, India is already one of the world’s hottest mobile markets, with America’s Apple, Korea’s Samsung, China’s Oppo, Vivo and Xiaomi jostling for market share with Indian brands such as Micromax.

Nubia Smartphone

India’s 300 million smartphone users could grow by more than 50% in the next few years, reports CNN Tech giving reasons for this:

  1. 1 billion Indians do not yet have a smartphone — a huge market opportunity.
  2. More than 66% of India’s 1.3 billion people still don’t have access to the Internet, and when they do so over the next decade, it will likely be through mobile devices. “Mobile has already become the primary device from which users access the internet,” says Shobhit Srivastava, an analyst at Counterpoint Research, a global industry analysis firm headquartered in Hong Kong.
  3. India has many regional languages, and many of the country’s newest mobile users are discovering the Internet in one of them. “One of the major reasons the smartphone hasn’t been able to penetrate rural or [smaller] cities is because it’s all in English. You need to have the regional languages, and a lot of players have understood that. They are investing in putting regional languages in their smartphones, turning this challenge into a differentiating factor for themselves,” Srivastava added.
  4. India has more than 100 smartphone brands catering to a variety of budgets.

October 4, 2017   No Comments

India Jumps to 14th Spot as Best Country for Expats

In HSBC’s latest ‘expat explorer survey’ that covered 27,587 expats from 159 countries and territories in March and April this year, India moved up the global rankings by 12 places to take the 14th spot in terms of best country for expats to live and work in.

“India draws many expats for work and financial opportunities, but new arrivals here often find their family life improves significantly too,” the survey found. The country has also emerged among the top 10 countries among expats for professional development, reports Money Control. “The number of resident expats who recommend the country for career progression has increased by 12 percentage points since 2016 to almost 63 percent, placing it seventh in our ranking for career progression,” HSBC said.

Architecture in Jaipur

48 percent of expat children easily made new friends according to their parents, ranking India third in the world for this parameter. With an average $176,408 gross personal income per year — one of the highest in the world — over 50 per cent of the expats said India is a good place to start a business.

 

September 30, 2017   No Comments