According to Market Research Future, the Indian online food ordering market is expected to grow at a CAGR of 16.2% to $17.02 billion by 2023 driven by the rising number of logistics providers. A rising trend in the sector is the cloud kitchen model, which is being adopted by restaurants, delivery companies, and even cab services. A rising cloud kitchen player is Rebel Foods, which was earlier known as Faasos. >>>
According to a recent report, the global computer graphics design software market is estimated to grow at 6.5% annually to reach $280.15 billion by 2025. While the industry has big names like Adobe Illustrator and Adobe Photoshop as the leading players, startups like Billion Dollar Unicorn Canva are also making their presence felt.
A recently published Gartner Magic Quadrant report estimates that within the next three years, 90% of IT leaders will no longer purchase premises-based unified communications infrastructure, compared with nearly 50% in 2018. In the next three years, cloud-based communications offerings are expected to dominate the market due to their functionality, features, analytics, and dashboarding capabilities. The report puts RingCentral (NYSE:RNG) as the leader of this phenomenon.
Identity access management company Okta (Nasdaq: OKTA) recently announced stellar fourth quarter results. Its record performance for the quarter outpaced market expectations. However, the market wasn’t impressed with its weak earnings outlook and the stock fell 10% following the results.
According to Industry Reports, Global Project Management Software Market is expected to grow from $2.3 billion in 2007 to $7 billion by 2026 at a CAGR of 14.93%. Basecamp is a mostly bootstrapped business that provides cloud-based project management and collaboration systems to small businesses. >>>
Gurugram-based e-commerce marketplace ShopClues has tightened its reins and trimmed its losses. In October 2018, ShopClues reportedly broke even at the unit-economics level. >>>
Earlier this month, Oracle (NYSE: ORCL) announced its third quarter results. The company outpaced market expectations for the quarter but the slowdown in its revenue growth is worrying. Despite the slowdown, Oracle is close to its 52-week high. >>>
According to a Transparency Market Research report, the worldwide market for email marketing is expected to grow at a CAGR of 19.6% from $4.51 billion in 2016 to $22.16 billion by the end of 2025. Mailchimp is a bootstrapped business that provides email marketing services targeting small businesses. >>>