Only about a quarter of the 720 million online users (at the end of December 2022) in India have actively engaged in e-commerce transactions, according to a Nielsen report underlining the gap for newer players to bridge in the coming years.
Lightspeed Ventures To Ramp Up Investments In Climate Change And AI menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The two-day event aims to spark partnerships by enabling "in a short window, many views, ideas and investments to be shared between nC2 connections (every permutation and combination)," described Karthik Reddy, co-founder of Blume Ventures. The event builds on the success of last year's inaugural Lift Off, which helped spur deals and networking, including paving the way for Singapore sovereign fund GIC's investment in business-to-business marketplace VeGrow later in the year. The upbeat atmosphere this year reflected India's rebound in startup funding over the past three to four months.
Over 150 investors, including Singapore's sovereign fund Temasek and Malaysia's Khazanah, gathered at Mumbai's five-star Trident Oberoi hotel on a recent In wide-ranging interviews, Lightspeed partners examine right-sizing VC funds in India, spectrum of startup investing and the country's prospects in the global AI race.
In April 2023, the world's most expensive number plate sold for Rs 122 crore in Dubai. Check out India's five most expensive vehicle plate number owners