Category Archives: India

How WeChat faded into the silence in India | FactorDaily

Long in depth read on not just WeChat but a few of the Chinese companies trying to win in India.

The whole thing is good but the summation is spot on.

How WeChat faded into the silence in India | FactorDaily:

Sahai says that for Chinese companies mainly those supported by the BAT (Baidu, Alibaba, Tencent) trio, China market is always the core business and the rest of the market is an expansion, which creates some sort of inertia when dealing with the competition here in India.

But, it has become increasingly clear that India as a market cannot be generalised. As Sajith Pai, who works with VC firm Blume Ventures, puts it, India is divided into three consumer segments: the first 100 million, mainly the urban or affluent Indians and are the main targets of indulgent e-commerce brands; the second 100 million classified as the aspiring class; and the last a little over a billion — three segments he calls the splurgers, strivers and survivors.

Pai says that most global companies investing in India, including Apple, Facebook and Instagram are aware of this graph and think of India as a secondary market by targeting the first 100 million. Things may be changing from the WeChat days with a new crop of Chinese companies trying to cater to the new 100 million, including rural India, new internet users and youngsters. Case in point: MX player, NewsDog, Shareit, and UCBrowser that cater to the new internet users in India have a higher chance of surviving in India because they understand the new Indian users better.

Still, unlike China where there is a big government-initiated push for a common language and similar culture, cultural diversity in India, like lack of a common language, city structures, and economic disparity makes it difficult to generalize the Indian market. That’s the lesson that Tencent – and, indeed, the BAT trio – seems to have learnt and are only investing in large Indian companies.

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From a Rs 33 Cr investment to a Rs 300 Cr exit: Why India needs to celebrate Mettl’s acquisition

All of the region needs more of this:

While we celebrate Flipkart’s $16-billion exit to Walmart, let’s also start looking at exits in the range of $40 million-50 million where the capital raised is almost next to nothing (compared to the …

— Read on yourstory.com/2018/10/rs-33-cr-investment-rs-300-cr-exit-india-needs-celebrate-mettls-acquisition/amp

HealthXCapital launches $25m healthcare fund for SEA and India

Been sitting on this news for a while. Congrats to the HXC team for going public!

The fund is backed by Apollo Hospitals, Jungle Ventures, Eight Roads Ventures, the proprietary investment arm of Fidelity International, and other private investors.

— Read on www.dealstreetasia.com/stories/healthxcapital-healthcare-fund-sea-india-108533/

Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms | Reuters

This will be fun.

Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms | Reuters:

The policy will be the latest in a series of proposals that seek to spur data localization in India, as the government finalizes an overarching data protection law. Local data storage requirements for digital payments and e-commerce sectors are also being planned.

The authorities want the information stored locally so that they can more easily get access to it when conducting investigations.