#11: Absense makes the heart grow fonder
We were silent last week; many of you came checking on us :)
The adage “absence makes the heart grow fonder” actually holds true as a study published in the Proceedings of the National Academy of Sciences. Many people in long-distance relationships say that the being away from their partner makes the time they are together special. The absence, they say, helps them to appreciate their partner more and makes the relationship stronger.
Our long distance with folks in Delhi grew so strong that we had to visit them in person yesterday. Some scenes from the Mixer event below:
Back to our weekly updates below:
Dubai Emerges as a Leading Fintech Hub
1. Dubai has established itself as a global finance hub and is ranked 17th in the Global Financial Centres Index 2022 and 12th in the International Financial Centres Index 2023.
2. Dubai International Financial Centre (DIFC), home to the largest financial ecosystem in the Middle East, Africa and South Asia (MEASA) region is reaffirming its position as one of the world's top fintech hubs
3. DIFC is experiencing strong growth in fintech and innovation, with over 686 fintech companies located there.
4. Dubai has a business-friendly environment due to its transparent legal system, well-developed infrastructure, easy registration procedures, and low corporate income taxes.
5. Safexpay, an Indian B2B fintech startup is one such example that is planning to set up its international headquarters in Dubai with investments of up to $10-12 million.
6. Experts predict an increase in FDI and digital transformation contributions, enabling Dubai to cement its position among the top three global financial centres and meet its ambitious 10-year D33 economic targets by 2033
Why India’s Consumer companies can still be multibaggers
-Apple opened 2 stores in India, It did that in China when its eco. was $4.5T
& Tim Cook thinks Indian cons. markets are at a tipping point
-Galeries Lafayette entry in India
-Reliance bringing foreign brands (Recent ~Balenciaga) to India
-When per capita GDP crosses $2000 mark, consumption is expected to grow fast like with other developed countries
- Savings of GDP drops from 34% to 29% (Saving loss=consumption gain)
- At GDP growth of 5.3%, consumer spending can reach $8 trillion in next 25 years
Thus, India is on a structural long term uptrend in consumer spending trend and Investing in good consumer stories can be a smart play
Electrification of Logistics
•EVs gaining popularity in the logistics space; reduces Ops cost, higher efficiency & lower emissions.
•80K vehicles added to the nearly 2L vehicles doing last-mile delivery in India.
•Serves the purpose of Govt’s climate goals, subsidies & incentives-key role in boosting sales.
•Clean tech like EVs can help India save 4% of its GDP by 2030.
•India ranks 38th in Logistics Performance Index.
•Govt planning to develop more EV-friendly highways.
•Growth of the space will depend on the ability to develop affordable & sustainable battery tech.
•Amazon planning to have 10K EVs by 2025 for last-mile delivery.
Have you come across the acronym *CASE* in the Automotive Industry?
> CASE stands for Connected, Autonomous, Shared and Electric
> While most of you may be familiar with Electric Vehicles and Autonomous Driving, Shared in CASE refers to Shared Mobility.
> This can take the form of ride-hailing services, car & bike sharing. Shared mobility can help to reduce traffic & pollution.
> Further, Connected represents cars that are equipped with internet access, which allows them to communicate with other vehicles, infrastructure, and the cloud.
> This enables a variety of new features, such as real-time traffic updates, over-the-air updates, and advanced safety features.
> The CASE trends are presenting new opportunities and challenges for the automotive industry. OEMs are investing in new technologies and business models in order to stay ahead of the curve.
> In 2022, there were over 100 mn connected cars on the road worldwide.
- The global market for autonomous vehicles is expected to reach $800 billion by 2030.
- The number of electric vehicles on the road is expected to reach 350 million by 2030.
- The global market for shared mobility is expected to reach $1.5 trillion by 2030.
CASE brings in the futuristic perspective to the automotive industry in the world and can have a profound impact on the way we travel.
SAAS is still at an early stage in Indian Logistics Industry:
- Indian tech Logistics has gathered around $6 Bn. in funding over Jan 2015- May 2023
- Top 10 players contribute around 75% of the total funding
- Delhivery contributes around 30% and rest 9 players contribute around 45% of the funding
- Key players are Blackbuck, Shiprocket, Xpressbees, Rivigo, Ecom express, Ekart Logistics, Fareye, Porter & Shadowfax
- Majority of them are tech enabled logistics “Services” players catering to shippers and third-party logistics players apart from Fareye
- Recurring revenues model largely selling Software are still at a very early stage in the Indian Logistics industry;
- Segments such as Transport Management Solutions, Route Optimisation solutions, enabling real-time supply chain visibility are evolving
- Key players under these are Freight tiger, Fleetx Pando, Shipsy, Intugine,
- Few large SAAS based players that have scaled globally are Project 44, Four Kites, Shippeo etc.
• Care today has moved beyond just diagnosis and medication.
• Possible only with delivery of health care over a period of time covering all phases of illness from preventive care, through medical incidents, rehabilitation and maintenance
• Involves an integrated system of care that guides and tracks patients over time through a comprehensive array of health services spanning all levels of intensity of care. Focus of medical technology today is on proactive patient care as around 15%-20% of the Healthcare Ecosystem is likely to shift to a virtual care model, including remote monitoring.
• Fueled by increasing knowledge and focus amongst the patients on the aspect of quality of life throughout the treatment process.
Compiled by Hanu Bansal & Tushar Khandelwal
Contributions by Arnim Dhakad, Amay Solanki, Ashish Purohit, Anand Vadia, Mukund Maheshwari, Parin Detroja, Prachi Malpani, Tanay Lohia, Shlok Sanghi, Harshil Shah.
Member of the week: Rupesh Maheshwari (#most helpful)
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