It’s a given that smartphones have become an indispensable part of our routine. But do they need to govern our lives? Deloitte Global Mobile Consumer Surve3y, 2015 conducted a global survey of over 2,000 indian respondents spread across 30 countries. A huge 86% of those surveyed owned smartphones, which is a 12% increase over 2013.
With startups like Localbanya, TinyOwl, Zomato, Helpchat letting go off employees, employees across the startup sector, where people were rushing towards until recently, are spooked. Indian startups require thousands of engineers and skilled workers, and now compete with large MNCs for talent, hence there is a huge demand and supply gap, which leads to salary hikes.
Visitors to the Localbanya website are greeted with this message: “Your banya is upgrading his technology and services. We will be back shortly with more exciting features and a far better delivery experience. We can’t wait for you to experience the new and improved Localbanya”.
Meanwhile the inside story might be very different.
Reputed Smartphone brands like Samsung, Lenova, Micromax, Xiaomi and One plus have gone on a stocking spree in anticipation of a grand Diwali, a period that accounts for 33% of their annual sales, according to Counterpoint Technology Market Research.
India’s population is exploding, and its urban infrastructure is struggling to keep pace. While startups are solving problems ranging from food delivery to laundry, there’s not enough interest among the startup community towards building smarter cities. That’s where Microsoft, in collaboration with the Indian government, comes in.
Some very interesting facts are emerging from the stiff competition between online players and their brick-and- mortar counterparts. Just when it seemed that huge sales and big discounts offered by players like Amazon, Flipkart, and Snapdeal had wooed and won customers online, the offline sector is also going gaga and reporting huge revenues.
A lot is happening over coffee. The Indian consumer, once a staunch tea drinker, is now slowly experimenting with coffee, and the market…
A year ago, the food tech sector was booming. Funds were plentiful, investors were upbeat, and a new company seemed to be coming up every minute. Cut to a year later, and things aren’t quite so rosy. There have been murmurs of overvalued companies, and investors are being more circumspect with their cash. One sector that has been particularly hard hit is the food tech industry.
Not too long ago, the world had its eyes on China as one of the fastest growing countries in the globe. Now its economy has been slowing down, and the future doesn’t look quite as bright any more. One of the bright spots in China’s economy was its e-commerce sector, where players like Alibaba were breaking new ground with their humungous sales figures. A new report, however, takes the sheen off these numbers.