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News on Medial
Condom-shy India arouses interest of global contraceptive makers
Reuters
·
1y ago
Medial
Global contraceptive manufacturers are targeting India as their biggest growth market, following the recent IPO of a domestic condom maker. With a large, young, and tech-savvy population, India's condom market is expected to more than double to $1.7 billion by 2030. Currently, the condom usage rate in India is low, with only 5% of sexually active men using condoms regularly. Condom manufacturers are utilizing modern marketing tools, such as social media and influencers, to educate and reach consumers in both urban and rural settings.
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Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands
Economic Times
·
1y ago
Medial
Ghost Kitchens, a cloud kitchen startup, has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands as part of its expansion strategy in Gujarat. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and has an annualized revenue run rate of Rs 5 crore. By acquiring Shy Tiger, Ghost Kitchens aims to scale the acquired brands and expand its presence in Ahmedabad and the Gujarat market. Ghost Kitchens previously raised $5 million in funding and has made other acquisitions, including gourmet cloud kitchen Speak Burgers. The company plans to expand its business and revenues over the coming years.
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Alternative browsers report uplift after EU's DMA choice screen mandate
TechCrunch
·
1y ago
Medial
The Digital Markets Act (DMA) of the European Union is impacting the mobile browser market by forcing phone makers to show browser choice screens to users. Browser makers such as Aloha, Brave, Opera, and Vivaldi have reported positive results and increased interest since the implementation of DMA. However, it is still early days for the implementation, and the full impact is yet to be assessed. Some browser makers have expressed concerns about the design and implementation of the choice screens, while others are playing a waiting game for potential improvements.
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GVFL-Backed Ghost Kitchens Buys The Shy Tiger To Expand Its Footprint In Gujarat
Inc42
·
1y ago
Medial
Cloud kitchen startup Ghost Kitchens India has acquired Ahmedabad-based cloud kitchen startup The Shy Tiger in a bid to strengthen its presence in Gujarat. The deal will see Ghost Kitchens integrate its existing brands into The Shy Tiger's infrastructure. The acquisition comes shortly after Ghost Kitchens secured $5m in Series A funding from investors including GVFL, NB Ventures, LetsVenture, and Lead Angels. Ghost Kitchens operates a virtual restaurant network, offering a free tech platform to monitor sales and operational metrics. The Indian cloud kitchen market is expected to reach $1.9bn by fiscal year 2026.
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Mihup in talks with top automaker for in-car voice assistant: CEO
Inshorts
·
5m ago
Medial
Mihup, a conversational intelligence firm, is in talks with "one of the largest car makers in India" to integrate its in-car voice assistant, CEO Tapan Barman confirmed. The firm plans an IPO within two years. With over a million cars using Mihup now, the company aims to expand its AI-driven voice tech for global and Indian markets, Barman claimed.
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How a global deal will boost Bain Capital’s India industrials portfolio
VCCircle
·
5m ago
Medial
Bain Capital's recent global control-oriented deal aims to enhance its manufacturing portfolio in India, following investments in two auto component makers in the past seven months. The private equity firm invested in RSB Transmissions in September and plans further expansions in the Indian industrial sector. This strategic move highlights Bain Capital's focus on strengthening its presence and influence in the Indian market, particularly in the auto components industry, as part of its broader global strategy.
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Ghost Kitchens India acquires Shy Tiger Brands
Entrackr
·
1y ago
Medial
Ghost Kitchens India has announced the acquisition of Shy Tiger brands, a cloud kitchen company based out of Ahmedabad. The acquisition comes on the heels of Ghost Kitchens’ equity and debt round of $5 million earlier in February 2024. Founded in 2018 by Milapsinh Jadeja, Shy Tiger has five multi brand cloud kitchens spread across Ahmedabad. The firm’s portfolio includes iconic brands like KBOB’s and The Black Chimney. With this acquisition, Ghost Kitchens will amplify its presence in Gujarat by integrating its existing brands in Shy Tiger’s infrastructure. Ghost Kitchens operates through 15 company owned and operated cloud kitchens in Mumbai and Ahmedabad, and 1,200 internet restaurants across 40 cities in India. Earlier in 2022, Ghost Kitchens had acquired a technology company-WTF which helped them create their proprietary technology. Additionally, Ghost Kitchens acquired Speak Burgers by celebrity Chef Vicky Ratnani in February 2023 to grow the partnership through 25 offline retail stores in the next 18-24 months. According to a Redseer report, the estimated size of the cloud kitchen market would touch $3 billion by 2024, from $400 million in 2019. Moreover, top startups operating in the segment mopped up around $600 million in funding in the past three years and close to $1 billion since their inception, according to the startup intelligence platform TheKredible.
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India needs to lead global tech transition, build jobs of the future: Ola Founder
YourStory
·
1y ago
Medial
Ola Founder Bhavish Aggarwal is focused on positioning India at the forefront of the global tech transition by driving new-age technologies such as AI. He believes that the private sector should spearhead job creation, while the government must provide an enabling environment and address imbalances. Aggarwal supports the Indian government's move to incentivize global EV makers like Tesla in order to develop the EV ecosystem in the country. He emphasizes the importance of India inventing its own EV and energy transition paradigm, tailored to its specific needs. Aggarwal also underscores the need for India to become experts in future technologies to generate future jobs and supply chains.
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India leads in GenAI adoption, investment trends likely to rise in coming years: report
Economic Times
·
1y ago
Medial
India is leading the global adoption of Generative AI (GenAI) technologies, with 81% of Indian organizations implementing GenAI, according to a report by search analytics firm Elastic. The report surveyed 3,200 IT decision-makers and influencers across the US, Europe, and Asia-Pacific, with 300 from India. It also revealed that 94% of respondents expect increased investments and budget allocations towards GenAI initiatives in the next 2-3 years. However, 99% of respondents expressed concerns about processing and using their data, emphasizing the need for organizations to work with GenAI providers who prioritize data security.
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Opinion About Share/Stock Market | Business News, Stock/Share Tips
Money Control
·
1y ago
Medial
In today's articles, it is noted that the reduction in production costs of nickel and gas has resulted in lower prices for these commodities, which is beneficial for the planet. There is also discussion about the potential negative effects if electric vehicle makers were to go bust, highlighting the importance of stable brands and the option of leasing. The FAME II subsidy scheme in India, if extended, could boost electric vehicle demand. Other topics mentioned include climate change messages in movies, China's impact on global climate gains, AI regulations in India, and the fluctuation of mutual fund rankings.
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India comes full circuit: Global tech giants set sights on the country for electronics production
Economic Times
·
1y ago
Medial
The article discusses India's efforts to become a global electronics manufacturing hub by attracting component makers to set up operations in the country. Key players like Apple's suppliers Foxconn, Pegatron, Wistron, and Corning have already established or planned manufacturing facilities in India. The focus is on increasing value addition in electronics, expanding component production, and strengthening the supply chain. The COVID-19 pandemic and geopolitical realignments have further accelerated the need for diversification and resilience in global supply chains. This presents an opportunity for India to replace China as a reliable nation for manufacturing and establish itself as a world-class product developer and manufacturer.
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