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Amid Upbeat Funding Expectations, Indian Startups To Ramp Up IT & Ad Spending In FY25

Inc42 · 1y ago

Amid Upbeat Funding Expectations, Indian Startups To Ramp Up IT & Ad Spending In FY25

Indian startups are planning to increase their advertising and IT expenditures in the upcoming financial year 2024-25 (FY25), according to a survey by Inc42. The survey revealed that 76% of the surveyed startup founders plan to raise advertising spending by 20-30% in FY25, while 74% intend to increase IT expenses by 10-30%. This increase in spending is driven by the optimism for growth and scale in FY25, with startups aiming to double revenues, expand customer base, grow teams, and enter new markets. The expected increase in funding, growth in the Indian advertising market, and the focus on digital advertising and AI/ML capabilities are key factors contributing to this decision.

Related News

CrowdStrike forecasts upbeat annual results on resilient cybersecurity spend

Reuters · 1y ago

CrowdStrike forecasts upbeat annual results on resilient cybersecurity spend

CrowdStrike Holdings, a cybersecurity company, has announced forecasts for its fiscal 2025 results, anticipating figures above Wall Street estimates. The company expects strong enterprise spending on cybersecurity services in response to increasing online threats. CrowdStrike, known for its unified platforms like Falcon, is predicted to benefit from improved spending trends. The company anticipates adjusted profit per share between $3.77 and $3.97 for fiscal 2025, surpassing analysts' expectations. CrowdStrike also announced the acquisition of Flow Security, a cloud data runtime security solution, further expanding its data protection offerings.

Meta says it will continue spending, as growth surges

Economic Times

Economic Times · 11m ago

Meta says it will continue spending, as growth surges

Meta (formerly Facebook) has continued to heavily invest in artificial intelligence (AI) technologies, spending $8.5 billion in Q2 on AI infrastructure, metaverse development, and other expenses. The company raised its spending forecast for the year to $37 billion to $40 billion. Despite the lack of immediate profits, Meta remains committed to building the best consumer and advertising experiences. The company reported Q2 revenue of $39.1 billion, up 22% YoY, with a profit of $13.5 billion, up 73% YoY. Meta's ad business also showed strength, with revenue expectations for Q3 above Wall Street estimates.

Meta’s AI push needs to efficiently deliver a lot more ad growth

Livemint

Livemint · 1y ago

Meta’s AI push needs to efficiently deliver a lot more ad growth

Meta Platforms, the parent company of Facebook and Instagram, is set to report its first-quarter earnings amid high expectations. The company's share price has surged 36% year-to-date and its market cap has surpassed $1.2 trillion. Factors contributing to this growth include a rebound in the advertising business, cost reduction efforts, and the release of its AI language model Llama 3. Analysts predict Meta's Q1 revenue to increase 26% YoY to $36.2 billion, with full-year advertising revenue expected to rise by 17%. However, geopolitical tensions and market shifts could impact ad spending from China and Apple's iOS changes may affect ad growth.

New-age companies end year of reckoning with stronger business, better bottomline

Economic Times

Economic Times · 6m ago

New-age companies end year of reckoning with stronger business, better bottomline

In FY24, over two dozen Indian startups improved their financial performance by focusing on healthier economics amid a funding crunch. Companies like Purplle and PhonePe posted better margins, while some like ElasticRun saw declines. Startups shifted towards scaling core businesses and improving unit economics. Despite a moderate improvement in funding raised, fintech and cloud kitchen sectors faced challenges. Regulatory pressures continue to impact fintech, with FY25 expected to be tough, though some firms are planning IPOs.

BEL, HAL, BDL, Solar, Paras Defence among potential beneficiaries of EU defence ramp-up

Business Today

Business Today · 4m ago

BEL, HAL, BDL, Solar, Paras Defence among potential beneficiaries of EU defence ramp-up

Bharat Electronics, Hindustan Aeronautics, and others may benefit from the EU's $850 billion defense ramp-up. The EU's defense spending is expected to rise to 1.5% of GDP, equating to 650 billion euros over four years, including a 150 billion euro joint borrowing instrument. Indian companies supply various military equipment globally, with significant export revenue percentages reported by firms like Azad Engineering, Dynamatic Technologies, and Solar Industries.

Tech firms’ temp worker costs dip as demand falls

Livemint

Livemint · 1y ago

Tech firms’ temp worker costs dip as demand falls

Top Indian IT services companies such as TCS, Infosys, HCL Technologies, and Wipro have successfully reduced their temporary staff costs, which had increased due to the pandemic. Sub-contractor expenses as a percentage of revenue for these companies in the December quarter fell below or near pre-pandemic levels. Spending less on temporary workers is a significant factor in improving profitability for IT firms. The decline in sub-contractor costs signals better profitability in the future. Despite the decline, sub-contractor hiring is expected to increase as demand and deal wins ramp up in the next 6-9 months.

'Indians more mindful of money': Ted Sarandos tells Nikhil Kamath why Netflix India is tricky - BusinessToday

Business Today

Business Today · 1m ago

'Indians more mindful of money': Ted Sarandos tells Nikhil Kamath why Netflix India is tricky - BusinessToday

Ted Sarandos discussed Netflix's challenges in India, primarily due to cultural resistance against automated monthly charges. Indians are more mindful of their spending, preferring not to pay recurring fees. Netflix's solution includes a subsidized ad tier, attracting nearly 50% of new Indian users. While Netflix remains a subscription service, ads may contribute up to 20% of revenue. The key lies in balancing ad load and fees to maintain consumer interest without compromising content quality.

Space startups face uncertainty as US cuts federal spending, report says

Economic Times

Economic Times · 3m ago

Space startups face uncertainty as US cuts federal spending, report says

U.S. federal budget cuts have impacted space startups, with a 12.5% drop in funding in the first quarter, according to Seraphim Space. These startups, heavily reliant on government contracts, face delays and cancellations due to spending reductions. Despite earlier investment momentum, current uncertainty, influenced by geopolitical tensions and protectionist trade policies, is creating challenges. However, commercial space companies increasingly play critical roles in cost-effective missions amid economic uncertainties.

CrowdStrike forecasts downbeat second-quarter revenue, shares fall

Economic Times

Economic Times · 1m ago

CrowdStrike forecasts downbeat second-quarter revenue, shares fall

CrowdStrike's forecast for second-quarter revenue fell short of Wall Street's expectations, leading to a 5.7% drop in shares. Weaker spending on cybersecurity by governments and enterprises amid high interest rates and inflation pressures is a major factor. The company faces competition from firms like Palo Alto Networks and Fortinet. Despite a reported $1.10 billion in first-quarter revenue, challenges include a $29 million impact from outages and related expenses, alongside macroeconomic uncertainties affecting future client spending.

DLF MD upbeat about demand, price prospects, says company in a 'virtuous cycle'

Money Control

Money Control · 1y ago

DLF MD upbeat about demand, price prospects, says company in a 'virtuous cycle'

DLF, a leading real estate firm in India, is optimistic about the demand for its luxury projects in the coming quarters. According to Ashok Kumar Tyagi, the managing director of DLF, demand is holding up and strengthening each quarter. The company has already sold out the second phase of Privana and its commercial side, including office and retail leasing, is also performing well. DLF has set a sales guidance of INR 17,000 crore for FY25, surpassing the INR 10,000 crore guidance for the previous year. The company plans to launch another super luxury project, DLF Camellias 2, and expects to beat its FY25 sales guidance.

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