Netflix India has demonstrated strong financial performance in fiscal year 2024, marked by significant growth across key metrics. The platform now serves an estimated 12 million subscribers in India, establishing itself as a major player in the country's streaming market. Financial Highlights: - Net Profit: Increased 49% to approximately $6.25...
Sonde Health Raises $19.Million for Voice-Based Health Monitoring
Boston, MA headquartered AI vocal biomarker company Sonde Health raised a $19.25 million Series B investment round led by Seoul-based venture capital firm, Partners Investment. Others that invested were NEOM Company, KT Corporation, and existing investors, including co-founder PureTech Health and M Ventures. The company raised $35.25 million in total....
Two Korean Firms to Manufacture Zydus Cadila’s Covid Vaccine
Ahmedabad, India headquartered pharmaceutical firm Zydus Cadila announced that its Covid-19 plasmid DNA vaccine ZyCoV-D will be manufactured in Korea by two firms - Enzychem Lifesciences and Hanmi Pharmaceutical. The firms have begun the optimization process for transferring technology and setting up production facilities to manufacture the Indian-developed vaccine starting...
Biden, Modi speak: Align on Covid, Climate, China
India is #10 on the U.S trading partner list and was the tenth country called by President Biden, after Canada, Mexico, the United Kingdom, France, Germany. Russia. Japan, Korea and Australia. Note that there is no call with China yet. Most countries are allies or neighbors and the only rival...
Korean Beauty Brand Launched in India
Korea's AmorePacfic group has launched its signature luxury brand, Sulwhasoo, in India with Nykaa an omnichannel retailer starting with an online presence in July. With this launch, Sulwhasoo aims to offer its vision of “ageless beauty inspired by timeless wisdom” Further, the Nykaa Luxe store launch is planned for mid-August...
Samsung to Turn India into Hub for Components Business
With the government's thrust on 'Make in India', where tax on imported mobile and consumer electronics components is going up, Samsung sees a big business opportunity in manufacturing them in the country. The Korean company plans a fresh investment of $350 million initially in this business and will ramp up...