Supriya Roy
India's digital economy is projected to exceed $1 trillion by 2030, driven by smartphone adoption and affordable data. Indian startups are revolutionizing various sectors, including e-commerce, food delivery, and quick commerce, with companies like Rapido, Zepto, and Dehaat making significant moves.
India's digital economy is expected to cross $1 trillion by 2030. This growth is driven by widespread smartphone adoption and affordable data. Indian startups are making waves in e-commerce and food delivery. Rapido is entering the food delivery market, while Zepto is expanding its product range. Quick commerce is becoming a vital channel for FMCG companies, with companies like Nestle and ITC seeing significant growth. Dehaat, an agritech startup, has acquired Freshtrop Fruits' export business for $9 million. Indian startups are also innovating in the wearables and fashion spaces, with companies like Ultrahuman and Newme raising funding and growing revenue.
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