Can you guess the names of the six most valuable US companies in 2004? They were GE, Exxon, Microsoft, Pfizer, Citi, and Walmart. That’s right, not a single FAANG stock. Today, the top names are Apple, Microsoft, Google, Amazon, Facebook, and Tesla. The old order has made way for the new. Prepare yourselves, for such a change is coming to India, sooner than you think. The journey has begun.
Less than 1 per cent of India’s market capitalisation is accounted for by digital- or internet-based enterprises. In the US, this number is 40 per cent. But, we already have 60 unicorns here and that number will probably grow to 200 by 2025. And that is a conservative estimate. Will we have our own FAANGs then? Sure, but maybe by another name. Seeing the headiness around start-up valuations, it’s tempting to christen them the BOOZ-INGUPs—after Byju’s, Ola, OYO, Zomato, InMobi, Nykaa, Grofers, upgrade, and Paytm. More listings may pave the way for better acronyms, but the trend is unmistakable—of more and more digital enterprises rising in size and stature, to replace the stars of yesteryears.
Continue reading your story on the app
Continue reading your story in the magazine
A Jab Of Good Health
Covid-19 vaccinations have gathered pace in india. But with the virus mutating and new variants being discovered, next-generation vaccines may be the need of the hour. Where does india stand?
Will Robo-Advisory Firms Be Able To Dent The Traditional Advisory Segment?
Robo-advisory firms are riding on their artificial intelligence-driven systems to dish out quick financial advice. Bereft of any human bias or emotion, will they be able to dent the traditional advisory segment?
The Drones Are Coming
Draconian rules had kept drones grounded in india. But new, liberalised regulations have untethered the industry and opened up a new market—enterprises.
How HDFC Bank's Is Transforming Into A Fintech Giant!
A behind-the-scenes look at how Sashidhar Jagdishan, the new MD and CEO of India’s largest private sector lender, is trying to transform the bank into a technology company with a banking licence.
‘COLLABORATION IS THE MANTRA, AND TO DO THAT, YOU NEED TO NETWORK'
SUPRIA DHANDA, VICE PRESIDENT AND COUNTRY MANAGER FOR INDIA, WESTERN DIGITAL
THE MAX SHOOTER
THE IPHONE 13 PRO MAX IS A LOT NEWER THAN MEETS THE EYE, ESPECIALLY IN THE CAMERA DEPARTMENT
LISTING GETS US MORE GLOBAL INVESTORS
ReNew Power’s Sumant Sinha says the US listing is also an opportunity to showcase India’s opportunities in green energy.
LIFE IS SWEET
A HANDFUL OF CHEFS AND F&B PROFESSIONALS IS TRYING TO MAKE SWEETMEATS, OR MITHAI, FASHIONABLE
NEW KID ON THE BLOCK
AKASA AIR IS THE LATEST NO-FRILLS AIRLINE TO ENTER THE INDIAN MARKET. CAN ITS BACKER, FAMED STOCK MARKET INVESTOR RAKESH JHUNJHUNWALA, HELP IT NAVIGATE A NOTORIOUSLY PRICE-SENSITIVE MARKET?
AN INDIAN HERO IN EUROPE
HERO CYCLES, INDIA’S BIGGEST BICYCLE MAKER, HAS SET ITS EYES ON THE E-BIKE MARKET. BUT IT IS ITS FORAY INTO EUROPE WHICH HOLDS THE KEY TO FUTURE GROWTH