U.S. Invests the Most in India’s Startups

According to New York-based CB Insights, U.S.-based investors are the most active foreign participants in India’s start-up ecosystem over the past five years, making over 800 equity deals during the period.

In the list of top five foreign investors in India’s technology ecosystem, U.K., with 1% of deals stood at 5th place; Japan at 4th with 2% of deals; Hong Kong at 3rd with 3% of deals; Singapore at 2nd with 5% of deals; while the U.S. topped with four times the number of deals than investors from Singapore.

Planning in a startup

Business Standard reports: Of the U.S.-based investors, New York-based Tiger Global has been the most active, backing some of India’s largest start-ups, including Flipkart, Ola, and ShopClues, while also making numerous other investments in smaller companies. Hong Kong-based Saif Partners, has backed firms such as Paytm and Urban Ladder. California’s Accel Partners, which has an India unit, made its largest investment in Flipkart through its overseas unit rather than the local one.

Both Tiger Global and Japan-based Softbank have pumped billions of dollars in India’s startup ecosystem in the past few years.

August 31, 2017   No Comments

India Dominates Online Work Space

The Online Labor Index published by the ‘iLabor’ project of the Oxford Internet Institute, an affiliate of U.K.’s  University of Oxford, notes that India is the largest supplier of online labor. This report analyzed data for the first week of July, and reported that India is followed by Bangladesh, U.S., Pakistan, Philippines and the U.K. in what is being termed “digital gig work” or freelance work offered online.

The report analyses data from four online platforms – Fiverr, Freelancer, Guru, and PeoplePerHour. “Based on traffic statistics, we can estimate that these four sites represent at least 40% of the global market for platform-based online work,” says senior Oxford Internet Institute’s research fellow Vili Lehdonvirta.

Freelancing from home

Over half of the online work carried out in India is dominated by software development and the technology sector, followed by creative and multimedia services, and sales and marketing support, reports the Times of India.

 

July 22, 2017   No Comments

India Has Highest Number of Facebook Users

As of July 13, Facebook reported a total “potential audience” of 241 million active users in India, compared to 240 million in the United States, making India the largest audience country for the social media company.

The Next Web says: Facebook has achieved impressive growth in both countries since the start of 2017, but new figures suggest that active users in India are growing more than twice as fast as they are in the United States. Active users in India are up 27 percent in the past six months alone (+50 million), compared to growth of 12 percent (+26 million) in the United States over the same period.

Facebook Logo

Social media penetration in India remains relatively low, with just 19% of the country’s total population using Facebook in June, compared to 73% penetration in the U.S., and a global average of around 42%.

Men still represent three-quarters of India’s active Facebook profiles, and its gender imbalance in India is in stark contrast to its U.S. audience where 54% of the platform’s active users are women. Facebook’s active users in India also skew young, with more than half of the country’s users below the age of 25.

 

 

July 20, 2017   No Comments

OECD: India at the Top of Governmental Confidence League

According to the latest edition of the  Paris-based Organization for Economic Cooperation and Development‘s Government at a Glance 2017 report, India, with a citizen support of 73%, is at the very top of the governmental confidence league. Canada ranks second with 62%.

Forbes says: Trust in government is vitally important. It serves as a driving force for a country’s economic development, makes governmental decisions more effective and leads to greater compliance with regulations and the tax system.

Russia and Turkey tied for the third spot at 58%; the U.S. scored 30%; and Greece is at the bottom with 13%.

Parliament House, india

Parliament House, India

 

 

July 15, 2017   No Comments

India’s Pepper Exports to U.S. Command Higher Price

With sellers of pepper demanding higher prices, India’s pepper market traded at a higher rate this month. Prices of imported Vietnam pepper and exchange-released pepper have also increased, market sources told Business Line.

Pepper

Indian export prices were at $8,400 a ton cf for Europe, and $8,650 a ton cf for U.S.A.

June 11, 2017   No Comments