Cupertino, CA-based data storage company Seagate Technology PLC said that its Indian business is growing strongly due to the demand from expanding data centers and telecom services. Seagate Technology senior vice president (Global Sales and Sales Operations) B.S. Teh said that while consumer business comprises a larger chunk of its...
Matrix Partners India Announce New $300 Million Fund
Matrix Partners India, a subsidiary of San Francisco, CA-based Matrix Partners, announced the closing of its third fund with a committed capital of over $300 million. This follows the over $100 million Extension fund closed in 2016. The private equity investment firm has backed more than sixty startups to date,...
PayPal India Reports Twelve-Fold Jump in Revenue
San Jose, California headquartered PayPal's India subsidiary reported an over twelve-fold jump in revenue for financial year 2018. As a result, the company has increased its investments in India, augmented its technology, and will hire new employees in the country. PayPal will also launch a new office in Mumbai. While...
India's Sportswear Industry Poised for Growth
According to a research report by San Jose, CA-based Global Industry Analysts Inc., the global market for Sports and Fitness Clothing is projected to reach $231.7 billion by 2024, and the Asia-Pacific region is expected to be fastest growing region, with a CAGR of 6.9 percent over the forecast period....
Looking Beyond Rich Country Patients for Long-Term Growth
New healthcare initiatives in the U.S. and Europe are looking beyond innovation of medical devices in developed countries for long-term growth. The concept of using India as a test bed to expand into new markets is not new, and indeed, any emerging market, including China, Indonesia, Eastern Europe, Latin America,...
Funding for Healthcare Startups Surges in India
Data from Bangalore, India-based Tracxn Technologies shows venture capital investment in home-grown health-tech startups in 2018 is at an all-time high. With continuing investor interest, so far $510 million has been invested across eighty health-tech startups. These investments were led by medicine ordering website PharmEasy, which raised $115 million across...