Understanding India: The Indus Valley Annual Report 2022 (Links Included!) | 🤯 | Episode 2
Introduction
India’s startup ecosystem is thriving. In the last decade, the world has seen a spurt of growth in Indian startup ecosystem. From the likes of Flipkart to Zomato and OYO – these startups have established themselves as the key players in their respective domains. With the beginning of 2021, it will be interesting to note that how this space evolves going forward in the next 10 years.
With a population of 1.3 billion people and an economy growing at a healthy 7 per cent annually, India is becoming an exciting place for startups. The country’s startup ecosystem is thriving.
Sources:
100+ page presentation
A good summary with data
https://blume.vc/understanding-india-the-indus-valley-annual-report-2022/
I'll explain these things in as a pointer, please go through the Blume article if you like reading interesting article!
In your quest to understand India, here are a few things you should know:
- India has a large population of women pilots, yet they participate very low percentage in labour.
- The consuming class in India is small, but growing.
- COVID has had a negative impact on the poor in India, due to covid the difference between "India 1" and "India 2" have drastically increased. (I actually wrote a poetry about it too, wanna hear, just ping me)
- But India is a country with a lot of opportunity for English fluency, success in exams, and exit to a country abroad.
Understanding Indus Valley 2021
- The size of the eCommerce / eTailing sector has grown 2x in last 2 years, spurred by COVID tailwinds.
- Much of the development in the eCommerce sector has been on the back of systematic improvements in delivery, costs and coverage by Indian e-logistics companies
- However, even after this highly expanded reach, a big part of the GMV rests on a narrow sliver of power users.
- Now for SaaS. India’s success in global SaaS (Zoho, Freshworks, Postman etc) is well-known. Less known is our Bharat SaaS / SaaSTra (SaaS + TRAnsactions) model that Indus Valley to expand the relatively small size of the organised enterprise market in India.
Kunal Shah talked about it a few days ago – India’s top 5m users power 60% of online sales in India.
Conclusion
The report does not attempt to be a comprehensive report on India’s startup ecosystem. Nor is it a comprehensive analysis of the trends that we have observed. This report is merely a collection of our observations, thoughts and ideas. To be clear, this is an amateur attempt to-do list for the ecosystem. The experts in their fields are better placed to take care of each one of these points. It is up to us to understand what they are doing and support them in whichever way we can!
Read the report:
100+ page presentation
A good summary with data
https://blume.vc/understanding-india-the-indus-valley-annual-report-2022/
