1947 Tech 🇮🇳: 110
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. India Pledges Easy Access to Land for Factories Leaving China
India is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with the knowledge of the matter.
Yep, you heard it right.
I would define this as a once in a lifetime opportunity for India.
It’s an opportunity that can turn India from an unrealized potential to a realized potential country, finally!
You can’t bypass the manufacturing industry
It’s virtually impossible for a country’s GDP to grow without building an export-oriented manufacturing base.
India is young, educated, and highly aspirational. India has an energy of growth!
This opportunity is oxygen to India
2. Reliance starts WhatApp-based online portal in locked-down India
Global companies view India as the future of the internet. What is the future of the internet?
The next 3 billion internet users that are yet come online and the majority of them would come from the emerging markets.
In fact, a third of them would come from India.
This is what Uber had to say about India:
Last year, the company rolled out Uber Lite, a product built from scratch in India for the domestic market, which has now been taken to 16 other countries across the world. Uber now wants to build more products that are tailored to the India market, as it believes they could hold the key to making inroads into emerging markets
Jio has internet users, Facebook has the distribution.
Together they will build products not just for India, but also for other emerging markets.
3. General Atlantic wants to pick early bets in India as the fund stays bullish on technology sector
One can learn a lot from history. It can help you make informed decisions.
The financial crises of 2000 and 2009 didn’t affect China as much as it did the US. That’s when the chinses companies doubled down either on investing in foreign companies or acquiring companies.
It paid a massive dividend.
Seems like general Atlantic is making a great move here.
Private equity major General Atlantic will back more Indian consumer technology startups in keeping with its recent bullishness on the sector as it looks to evaluate companies in the early stages as well, said a top executive at the fund which manages $35 billion in assets globally.
Worth your attention
India has over 500 million active users as per IAMAI Link
Byju’s is reportedly raising once again, this time at a $10B valuation link
Tik Tok has crossed 2 billion downloads. India accounts for 30% of their total downloads Link
Jio to sell 1.15% stake to Silver Lake at $65 Bn valuation Link
Grofers in talks to raise new funds amid demand surge Link