1947 Tech Newsletter 🇮🇳

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1947 Rise ☀️: 215

1947tech.substack.com

1947 Rise ☀️: 215

shiva singh sangwan
Oct 5, 2022
Share this post

1947 Rise ☀️: 215

1947tech.substack.com

1. India will overtake US as Unilever’s ‘largest business’, says Hindustan chief

Hindustan Unilever’s chief executive said he believes India, the consumer group’s biggest market by volume, will overtake the US to become the largest by value.

“I clearly see a day when HUL will become the largest Unilever business,” said Sanjiv Mehta, adding that he could not give a timeframe. The Indian subsidiary currently accounts for about 10.7 per cent of Unilever group sales, according to company data, and is one of its best-performing units.

Unilever’s portfolio is tilted towards emerging markets, with only the US exceeding the Indian market as a percentage of sales revenue. Together with China, the US and India have been earmarked by Unilever as critical markets for growth.

India will overtake US as Unilever’s ‘largest business’, says Hindustan chief

2. After iPhones, Apple to shift production of AirPods, Beats headphone to India

The manufacturing industry is also making moves in India.

Apple Inc has asked its suppliers to move some AirPods and Beats headphone production to India for the first time, the Nikkei newspaper reported on Wednesday.

The development comes amid Apple ramping up its iPhone manufacturing in India. On Tuesday, Bloomberg reported that Apple Inc.’s iPhone exports from India crossed $1 billion in the five months since April, signaling the South Asian nation is making progress with its bid to become a force in electronics manufacturing.

After iPhones, Apple to shift production of AirPods, Beats headphone to India

Worth your attention:

  1. PharmEasy prepares Rs 750 crore funding through convertible notes Link

  2. GIC leads $60-million funding in EV startup Euler Motors Link

  3. Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk deal Link

  4. Saveo raises $4.5 million in funding at $50 million valuation Link

  5. India saw 20.5 bn online transactions worth Rs 36 trillion in Q2 Link

  6. Farm-to-consumer startup Deep Rooted raises $12.5 million in funding led by IvyCap Link

  7. FS Life raises Rs 50 crore in pre-series B funding Link

  8. Zerodha’s Nikhil Kamath tops Hurun’s self-made rich list 2022 Link

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

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1947 Rise ☀️: 215

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