During this week’s roundtable, we had as our guest Anup Jain, Managing Partner at Orios
Venture Partners, discussing the Indian startup ecosystem and its trends and nuances.
You can listen to the recording of this roundtable here:
According to a recent market report, Latin America’s e-commerce market is expected to grow at 29% CAGR to $580 billion by 2024. The pandemic conditions have accelerated this growth, and led to the rise of several unicorns in the region.
>>>Sramana Mitra: How big is the team?
Anand Mahurkar: We are about 170 people. We leap to 200 worldwide next quarter.
Sramana Mitra: What is the distribution?
Anand Mahurkar: The largest population is in India – about 90.
Sramana Mitra: Where in India?
>>>Sramana Mitra: Are you then pivoting the business largely into the delivery sector?
Tom Walker: We’re splitting the company into two. There are so many opportunities in the services side. Our growth is about equal in terms of the delivery and the growth of the services. We had been seeing 900% growth on the services side. It’s a viable business. Because we do that with independent contractors, we can grow that business without having to grow our overhead quite as much.
>>>Sramana Mitra: Fantastic. In all the different use cases that you have applied Findability, what are some of the most powerful use cases that warrant productization as solutions?
Anand Mahurkar: Post-pandemic, we are seeing self-reliance on multiple business processes. One is the supply chain because of the disruption in the market by the pandemic. We have built an AI best practice framework called CUPP – Collection, Unification, Processing, and Presentation. Unfortunately, all the AI companies just focus on the processing part. The collection and unification of the data are very powerful.
>>>Today’s 580th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, June 23, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Today’s 580th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, June 23, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.CLICK HERE to join. PASSWORD: startup All are welcome!
According to a recent report, the global Webtoons market is estimated to grow from $3.3 billion in 2021 to $22.22 billion by 2028 at a CAGR of 31%. South Korean players are big players in the industry with one of them recently joining the Unicorn club.
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