TechMantras #3

Welcome back to TechMantras! Your one-stop guide for information on the Indian startup Ecosystem

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

This week’s Roundup

1. 🔗 Link: India’s gaming push.

Web3 gaming startup hits $150 Million valuation in seed round

• Built as a freelancing ecosystem where customers can discover games, have fun, and make money from time spent on these games, it is going to be a marathon journey.

• India is one of the fastest growing markets in the world, with 507 million gamers with a compound annual growth rate of 27%.

• The market is expected to hit $8.6 Billion in FY 2027

2. 🔗 Link: Big Tech Firms are rushing to train AI in Indian languages.

Indian consumers speak in 30 languages, and only 125 million are comfortable in English

• Google has revealed several updates to its type and search voice offerings in its latest event in India.

• While challenging to maintain the multiple AI models to serve the Indian language base, which is district anchored, it could yield great profits.

3.🔗 Link: FreshtoHome nabs $104 Million in round lead by Amazon’s Smbhav Venture Fund.

The Bengaluru-based firm wishes to expand over the Middle East, North Africa, and more.

• The pandemic has seen a surge of online meat and seafood platforms, with Fresh2Home capitalising and establishing its bases across India and beyond.

• Establishing their own supply chain was crucial, with them now supplying over 4000 farmers and fishermen.

• It has reached EBITDA profitability in Bengaluru and Delhi, and revenues have improved significantly.

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

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See you next week!