Analysts may have forecast lofty growth for Indian e-commerce till some time back when they forecast an industry worth $60-$100 billion by the year 2020. But recent reports suggest that the medium-term future may not be as rosy. After recording a stellar 180% growth in 2015 to $13 billion, the industry grew a modest 12%
Launched in 2010, Freshdesk is a proud flag bearer of India’s presence in the global cloud CRM space. Six months back, it raised $55 million at a valuation of $700 million. This takes its total funding to $149 million. In a recent interview, founder Girish Mathrubootham has said that he plans to do a multi-billion dollar
Cloud-based enterprise services provider ServiceNow (NYSE: NOW) continues to outperform market expectations. It recently announced a leadership change when it brought over former eBay and Bain & Co. CEO John Donahoe as the new CEO. ServiceNow’s exiting CEO Frank Slootman took the company from $75 million in revenues to revenues of $1.4 billion last year. And now,
Meal-kit delivery services like Blue Apron have seen stellar success in the recent past, driven by convenience offered to the consumers. By providing recipe instructions along with pre-portioned ingredients, consumers can prepare delicious home cooked meals. Researcher Packaged Facts pegs the US meal kit delivery services market to be worth $1.5 billion last year. It
In 2016, fintech companies raised about $12.7 billion across more than 800 deals, according to CB Insights data. Another Billion Dollar Unicorn from this sector is Robinhood, which is trying to democratize stock trading through its technology-driven brokerage.
Last year, I had suggested that Microsoft (Nasdaq: MSFT) may well be a dark horse in the five horse tech race. Its recent performance confirms that analogy. And the horse is running a good race. The company continues to compete with the likes of Apple, Amazon, and Alphabet across multiple offerings to make sure it no longer
Flipkart last month announced that it has raised $1.4 billion in funding from Tencent, eBay, and Microsoft and that it will be buying eBay’s Indian business. It is also in talks with Snapdeal for a possible merger or acquisition. But would buying these broken businesses help Flipkart fight Amazon? This question haunts the aficionados of
According to an IDC report published last year, worldwide revenues for Big Data and Business Analytics are estimated to grow from $130.1 billion in 2016 to over $203 billion in 2020. The growth is expected to be driven by banking, discrete manufacturing, process manufacturing, federal/central government, and professional services, which accounted for nearly half of worldwide