Connect with us

Latest News

What The Mary Meeker Internet Trends Report 2017 Means For India

Published

on

mary meeker internet trends 2017, mary meeker report 2017, mary meeker report 2017 india, mary meeker india, mary meeker internet report, mary meeker state of the internet, mary meeker india report, internet 2017 report, mary meekers internet trends report, startup stories india, startup stories, startupstories

Kleiner Perkins Caufield & Byers’ partner Mary Meeker has released the internet trend report for 2017. This annual report is considered to be the best way to get up to speed with everything going on in the technology sector. This 355 slides report lays down the developments and growth in the tech sector and is the most informative research report on the progression and regression of the various sub-sectors of the industry.

Here’s what the 2017 report says about the Indian Industry:

India currently has 355 million Internet users, making us the second highest country right behind China. While Indian Internet popularity grew 28% in mid-June 2016 with 40% year on year growth, Internet penetration is still at 27%. The 50% Internet penetration mark is still far away.

Smartphone prices are still high at 8% GDP. However, data cost has dropped from 3% to 1.3% since 2015, meaning that more people can afford to use a smartphone. India crossed the US market in the year 2016 for the number of Google Play downloads and is the number one global market for time spent on Android. Including the first quarter of 2017, India’s smartphone shipments have continued to grow by 15% year on year.

Chinese smartphones like Xiomi, Oppo and Vivo made considerable gains as increased competition has reduced prices and improved quality. Made in India smartphones Lava, Micromax and Jio are battling it out for an inexpensive 4G feature phone. On the one hand, the average selling price for Micromax, Lava, and Karbonn has fallen, while there was a rise of Chinese players. Overall the average selling price of smartphones has stabled. The fight of Lenovo, Xiaomi, Oppo, Vivo for the smartphone market with quality features and online distribution has intensified with the entry of Reliance Jio’s Lyf branded phones.

The mobile web traffic is well above global average at 80% and second only to Nigeria, with Indians spending 45% of their time on mobile phones. Indians spend 45% of their time on mobiles looking at Entertainment, with Search, Social, and Messaging coming in second at 34% while only 2% of their time is spent on news and media.

Since the entry of Reliance Jio, Bharti Airtel, Vodafone and Idea collectively own 60% share of broadband subscribers, have also had to cut down data rates. There was a 10% decline in data costs per GB decline on a quarterly basis, while voice costs declined 4% quarter on quarter. There was a further decline of data costs by 20% among incumbents by March 2017.

Google Chrome became the second most preferred web browser in India, beaten by China’s UC Web with 50% market share. Whatsapp is India’s top downloaded Android App followed by Facebook messenger.

The report also states PM Narendra Modi’s policies, including Digital India, focusing on online payments, is a factor in the strong growth of India’s internet usage. However, devices and data are still expensive despite the falling prices. The report also spoke about digital payments and that UPI-based payments stood at $359 million till March 2017. Over 82% of the population is covered under the Aadhaar scheme.

This was just about the Indian Internet scenario. The Mary Meeker report covers many more insightful areas ranging from digital streaming, Facebook and Google ad placements, Cloud services, online gaming to health care.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Apple to Shift Entire US iPhone Assembly to India by 2026

Published

on

Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


Continue Reading

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading

Latest News

Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading
Advertisement

Recent Posts

Advertisement