India

Indian SaaS companies currently generate USD 2–3 billion in annual revenue, representing about 1% of the USD 220 billion global SaaS market.

Freshworks’ share price surge up to 33% to around USD 48 on the back of high investor demand, while its market capitalization ballooned to USD 13 billion on the first day of trading.

Douyin slashes view time for users under the age of 14.

The Mumbai-based firm made a profit of USD 24.4 million in the financial year ended March 31, 2020—a big jump from the USD 11.7 million loss it made a year earlier.

Two of our recent articles demonstrate the way Gen Z are reshaping venture capital strategies.

Heavyweight investors including SoftBank, Falcon Edge, and Tiger Global have pumped hundreds of millions of dollars into India’s used car segment since the start of this year.

Chinese e-sports teams were a formidable force in the global arena. Will that still be the case if underage gamers can’t train like they did before?

In this round of India Digest from September 10 to September 16, 2021, read our big story of the week, the weekly buzz, and more.