RedSeer

The total addressable users for audio series in India is expected to grow from 350 million users in 2023 to 540 million users by 2027, driven by the democratization of creator visibility and selection process strengthening the supply-side pipeline with ample incentive for creators to innovate and experiment with genres, Redseer Strategy Consultants said on Wednesday in their latest report titled, "Ear-It-All: The booming world of Audio series."The report stated that the total addressable opportunity for the global audio…

Food-delivery platforms reported a surge in orders on New Year’s Eve 2023 to 6.5 million, an 18% rise from the 5.5 million orders placed on the same day a year ago, according to a report by market research firm Redseer.Orders were in high volume throughout the day, experiencing a peak during the night. The gross merchandise value (GMV) in the morning was 1.5-2x the daily average for the year, climbing to 2.5-3x at night, the report said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

LaundryMate, an online laundry services startup founded by Bigbasket co-founder Abhinay Choudhary, said on Monday that it raised Rs 50 crore ($6.25 million) in a pre-series-A funding from the Blume Founders Fund and multiple angel investors.These included Ola cofounder Ankit Bhati, Boston Consulting Group managing partner Deepak Goyal, Trilegal cofounder Karan Singh and Nutanix India managing director Sankalp Saxena, LaundryMate said in a news release.LaundryMate said it has built India’s largest laundry facility in…

The global economic crisis, which hit the companies' initial public offering (IPO) plans in India in 2022, continues to haunt the founders and CEOs and the first two months of the new year went completely dry as no public offering was launched amid recession fears.Although some IPOs appear to be in the offing this month, the mood among the companies, investors and the public is yet to be lifted after a dismal December.Forty Indian corporates raised Rs 59,412 crore through IPOs in calendar year (CY) 2022, half of the Rs…

The total revenue opportunity for Indian short-form video apps is projected at $8-12 billion by 2030, according to a report by consulting firm Redseer Strategy Consultants.The report added that the revenue opportunity is spread across three segments - advertising, video commerce, and live gifting.The size of the advertising opportunity for the short-form video apps is pegged at $3-6 billion followed by video commerce at $3-4 billion. The report also highlighted that virtual gifting on these platforms is expected to become…

Despite a few hiccups this year, the Indian internet industry is expected to grow and could reach a valuation of $5 trillion by 2030, a report showed on Monday.Home to 780 million internet users, India is home to the second largest internet user base in the world."As digital will continue to play a significant role, India's internet GMV (not valuation) will grow to about $1 trillion by 2030, equivalent to $5 trillion in public and private market cap,a according to data by market intelligence firm Redseer Strategy…

E-commerce major In the first 36 hours of its Great Indian Festival sale, Amazon saw the single largest day of Prime sign-ups ---1.9 times higher than last year, with 68 percent coming from tier 2 and 3 cities in India.More than 500 million Indians had access to cash back and EMI offers on Amazon.in, with 50 per cent more customers opting for EMI or Pay Later than last year during the festive sale, the company said in a statement."We are humbled by the increase in new Prime member sign-ups and customers shopping across…

NEW DELHI : Indian buyers are increasingly turning to refurbished electronic devices as global supply chain disruptions take up the prices of new products. While smartphones are primary growth drivers, other electronic products, too, have seen rising demand amid the growth of organized sellers of refurbished goods. According to a report by research firm RedSeer on 5 May, IT services major Tata Consultancy Services Ltd sources 100,000 refurbished laptops every year from…