Friday, June 21

Tag: Analysis

MoEngage Raises USD 25 Million in Series C Investment Round
FUNDING

MoEngage Raises USD 25 Million in Series C Investment Round

Customer analytics and cross- channel engagement platform MoEngage has raised USD 25 Million in Series C funding. Eight Roads Ventures led the round with participation from its US-based sister fund, F-Prime Capital, along with Matrix Partners India and Ventureast. MoEngage recently achieved Amazon Web Services Retail Competency. The new round of funding will be used to deepen relationships in Asia, integrate advanced capabilities into the product mix and scale operations in the USA and Europe, MoEngage's two fastest-growing markets. "The latest round of funding will help us reach more brands and empower them with the next-generation customer engagement platform built for the mobile-first world that is easier to use, fully integrated and intelligent", said Raviteja Dodda, Foun...
This is How Amazon Avoids Tax in America
ANALYSIS

This is How Amazon Avoids Tax in America

Last week, President Donald Trump directed attacks on Amazon in a tweet stating his disappointment that the e-commerce giant does not pay sufficient taxes. Since 2015, Donald Trump has expressed his contempt towards Amazon and its CEO Jeff Bezos around a dozen times on the micro-blogging site. Trump’s disdain towards the e-commerce giant is often attributed to the negative articles written against the US President in ‘The Washington Post’, which is owned by CEO of Amazon, Jeff Bezos. For this reason, many individuals wonder whether the statements made by the US President are accurate or just “impulsive.” In fact, while it is quite hard to believe, Amazon does indeed pay almost no tax at all in the US. It is very surprising that Amazon lawfully avoided all sorts of corporate taxes despit...
Survey: This is What Indians Do Online & Offline
ANALYSIS

Survey: This is What Indians Do Online & Offline

India is a fast evolving and developing country with ever-more resources and capital being poured into the Indian web market to digitalize the country. A particular tool that has allowed this digital development has been the introduction of cheap and reliable smartphones in the market which allowed a large portion of the country to afford the technology. Additionally, cheap internet plans contributed significantly to encouraging and increasing the overall internet usage. Consequently, diverse facilities and services emerged from phone apps, allowing users to buy, sell, order and enjoy different types of facilities and services from electronic shopping, to cab hailing, food delivery and more. Presently, India stands among the most internet-friendly ecosystems in the world and the scale a...
WeWork Coworking Acquisitions & Its Growth
ACQUISITION, ANALYSIS

WeWork Coworking Acquisitions & Its Growth

WeWork, the famous co-working space provider was founded in 2010 when it opened two offices in New York. The purpose of the company was to provide workspaces to companies and people where they could expand together. They are also reknown for giving their locations a design face-lift and providing their client-base with dynamic environments that is meant to boost creativity, focus and facilitate connections. Their aim when they opened their first office was to humanize work by making CEOs help each other grow their respective businesses, and provide offices as comfortable as the employees’ home. Eight years since its inception, the company is now present in 56 cities and 18 different countries. Indeed, the company grew very quickly. They opened two locations in 2010 and doubled that ...
Machine Learning Will Not Replace People In All Jobs: Study
ANALYSIS

Machine Learning Will Not Replace People In All Jobs: Study

Machine learning computer systems, which get better with experience, can outperform people in a number of tasks, though they are unlikely to replace people in all jobs, a study has found. Researchers from Carnegie Mellon University and Massachusetts Institute of Technology (MIT) in the US found 21 criteria to evaluate whether a task or a job is amenable to machine learning (ML). "Although the economic effects of ML are relatively limited today, and we are not facing the imminent end of work as is sometimes proclaimed, the implications for the economy and the workforce going forward are profound," researchers said. The skills people choose to develop and the investments businesses make will determine who thrives and who falters once ML is ingrained in everyday life, they argue. ...
Indian Apps Asking For Permissions That Are “Too Private” To Share : Report
ANALYSIS

Indian Apps Asking For Permissions That Are “Too Private” To Share : Report

Indian apps may be a lot kinkier when it comes to seeking permissions from a user to allow him to use its services. A report released by a survey agency reveals the ugly truth of the smartphone app developers. We have already witnessed too many cases of apps stealing user's private data or remember the time when even Google was caught saving Android user's locations, even when turned-off manually. As per the report, on an average, Indian apps seek 7.9 dangerous permissions from its users. Android classifies some permissions as 'dangerous' when the data it permits access to is very sensitive or private. Data collected after granting such permissions can be used to track user's location, to build your profile and know minute details about your life. Out of the 100 apps that Arrka...
Economic Reforms To Help Support Long-Term Growth: BMI Research
ANALYSIS

Economic Reforms To Help Support Long-Term Growth: BMI Research

India is expected to remain one of the fastest growing emerging markets with real GDP growth averaging 6.5 per cent over the next five fiscals, though bureaucratic inefficiencies will continue to cap the countrys growth potential, says a report. According to a report by BMI Research, a Fitch Group company, while India's ease of doing business ranking has improved, significant bureaucratic inefficiencies are likely to cap the country's growth potential further. "We believe that the ongoing economic reforms and improvements to the business environment will continue to support India's economic growth over the coming years, and we expect the country to be one of the best performing emerging market economies, with real GDP growth set to average 6.5 per cent over the next five fiscal years,"...
Smartphone Manufacturing Industry To Reach Rs 1.35 Lakh Cr by 2020: Report
ANALYSIS

Smartphone Manufacturing Industry To Reach Rs 1.35 Lakh Cr by 2020: Report

Indian mobile phone manufacturing industry is estimated to reach Rs 1.35 lakh crore by 2019-20, says a report. "The size of the domestic mobile manufacturing industry in FY (financial year) 2019-20 is expected to be Rs 1,35,000 crore as compared to Rs 94,000 crore in FY 2016-17. For smartphones, the market size of domestic manufacturing in FY 2019-20 will be Rs 1,20,200 crore," the joint report released by industry body IAMAI and Enixta Innovations said. (more…)
GST Will Not Impact Smartphone Demand In India: Report
ANALYSIS

GST Will Not Impact Smartphone Demand In India: Report

The new Goods and Services Tax (GST) will have no impact on the smartphone demand in India, according to a latest telecom research. A German research firm GfK found that smartphone demand in India remained resilient in 2017, having levelled out slightly to 14 per cent year-on-year. "GfK expects the recently announced Goods and Services Tax (GST) will have no impact on smartphone demand in the country. GfK forecasts overall smartphone demand in the region will total 234 million units in 2017, an increase of 11 per cent year-on-year," the research said. Global smartphone demand totaled 347 million units in 2017, up 4 per cent year-on-year. This makes it the strongest second quarter on record, the research found. Arndt Polifke, global director of telecom research at GfK, said: "T...
App Usage Grows 43℅ in India And Few Categories Lead in It
News

App Usage Grows 43℅ in India And Few Categories Lead in It

43 per cent in 2016, with entertainment and finance categories witnessing highest traction, as per a study by Yahoos Flurry Analytics. "Indias app usage grew 43 per cent year on year. The India app usage grew at 92 per cent during the same period last year (2015)," the State of the App Nation in India study said. Messaging and social apps remain one of the most engaged categories in Asia and India. Time spent on messaging and social apps grew by an impressive 52 per cent in India compared to 44 per cent globally. Globally, app usage grew by only 11 per cent, it said. "The decelerating rate of global growth could signal market maturity, saturation or simply the end of the app gold rush. "Going back to Indias six-month mobile trend delay, theres no better time for local develo...