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Economic Times

Economic Times

| 3h

At least 100 digital brands around Rs 100 cr revenue; they will benefit from going offline: Accel’s Prakash

Direct-to-consumer (D2C) brands, primarily operating online, have an opportunity to expand into offline stores despite the growth of the Indian retail market. A joint report by venture fund Accel, Fireside Ventures, and market research firm Redseer revealed that 90% of the Indian retail market will remain offline, making offline expansion an attractive prospect for D2C brands. While being online-first allows for quicker product-market fit and brand building, reaching a certain scale and brand recognition can lead to offline expansion to boost sales. Venture firms are investing in technology that enables efficient and aggressive offline expansion for online-first brands.

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Which FAANG company started as a research project at Stanford University?

•   Amazon•   Google•   Netflix•   Apple
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Economic Times

Economic Times

| 17h

Denied tickets, betting sites still vie for seats in poll arena

Several offshore apps and websites operating illicitly in India are allowing users to bet on the outcome of the country's largest electoral process, the Lok Sabha election. These betting platforms offer wagers on results, margins of victory, and party performance, with bets ranging from as low as Rs 100 up to Rs 10 lakh. The money is transferred through UPI payments or bank transfers to mule accounts and crypto wallets, often moving out of the country without paying any taxes. While offline betting on elections is common, online gambling is considered illegal under Indian laws. The popularity of these offshore platforms has been fueled by extensive advertising, and the government is taking measures to address the issue. In addition, some of these betting websites use government and educational domain names to host and redirect to their platforms, often introducing malware and malicious content.

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Economic Times

Economic Times

| 17h

India well-poised to get to $80-100 billion PE-VC deployments in 5 years: report

Private equity and venture capital firms are expected to remain cautious in deploying capital in 2024, but India is projected to receive a significant allocation with an estimated $80-100 billion in annual deployment in the next five years. Deal activity has decreased by 35% from 2022, but the country's GDP levels and the penetration of private equity suggest potential for growth. Sectors such as healthcare, advanced manufacturing, electronics, and electric vehicles are likely to drive deal-making in the near-term. The healthcare industry has seen record-high investments, while software as a service and new-age tech investing have declined. Domestic PE funds are increasing their share of investments, and fundraising efforts are also on the rise.

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Which FAANG company holds the patent for a system that uses natural language processing to generate automated responses to customer inquiries?

•   Apple•   Tesla•   Amazon•   Microsoft
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