India’s consumer tech sector stood at $100 billion in FY22, something that is expected to go up to $300 billion by 2027, growing at an annual growth rate (CAGR) of around 25%. This was revealed in a recent report released by Chiratae Ventures.
In its report titled ‘Cracking the code: Unveiling India’s consumer landscape’, in partnership with Google and 1Lattice, the firm has cast an eye at India’s consumption potential. Here are some key findings.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College
Course
Website
Northwestern University
Kellogg Post Graduate Certificate in Product Management
Tier-II and tier-III cities are rapidly adopting digital technology and are aware of the various platforms and apps.
Wide usage of FinTech platforms, driven by payment apps, even in remote cities.
Growing willingness to pay for premium and personalised subscription models.
Online gaming growing with rising professional gamers.
Changing preference from offline to online across apparel, BPC and grocery shopping.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
India’s consumer tech sector stood at $100 billion in FY22, something that is expected to go up to $300 billion by 2027, growing at an annual growth rate (CAGR) of around 25%. This was revealed in a recent report released by Chiratae Ventures.
In its report titled ‘Cracking the code: Unveiling India’s consumer landscape’, in partnership with Google and 1Lattice, the firm has cast an eye at India’s consumption potential. Here are some key findings.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College
Course
Website
Northwestern University
Kellogg Post Graduate Certificate in Product Management
Tier-II and tier-III cities are rapidly adopting digital technology and are aware of the various platforms and apps.
Wide usage of FinTech platforms, driven by payment apps, even in remote cities.
Growing willingness to pay for premium and personalised subscription models.
Online gaming growing with rising professional gamers.
Changing preference from offline to online across apparel, BPC and grocery shopping.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
