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Indian adtech unicorn InMobi in talks to acquire social commerce startup Shop101
RedSeer projects the Indian social commerce sector to become a USD 7 billion opportunity by 2025, contributing up to 5% to the total e-commerce market.
3 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
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FDI equity inflow grew by 19% in the FY 2020-21 to reach USD 59.64 billion, compared to USD 49.98 billion a year ago.
The 153-year-old conglomerate has been acquiring new-age internet companies that align with its vision of creating an online retail empire.
The Indian edtech sector is projected to reach USD 30 billion in size over the next decade from the current USD 700–800 million.
Fat checks from marquee investors have already catapulted 13 startups into unicorns so far this year.
The daily new coronavirus cases crossed 400,000 in late April, which resulted in local curfews and lockdowns across various states. This has disrupted Oyo's recovery plans in its home market.
Snapchat crossed 60 million users in the last quarter of 2020 in India, where it is deploying a three-pronged approach of localized content, games, and culturally relevant augmented reality experiences.
Health tech startups have started offering at-home service for COVID-19 patients who can manage their condition from home.