Super Apps in India

Greetings,

Tata Group recently declared its decision to launch a super app. It can be released by end of 2020, or in the beginning of 2021.

It would be developed by TATA Digital.

In Super App's companies offer various products and services that they have on one platform. Like China's WeChat.

Concept of Super Apps first emerged in China and southeast Asia, where GoJek, Grab leveraged their platforms to increase the average revenue per user.

However in West Asia, a different approach was taken, businesses like Majid Al Futtaim, Emaar and Chalhoub Group have, high footfall and purchase frequency. And from the perspective of Venture Capitalists these are the two most important things.

Reliance Jio has already well developed super app platform where they provide services, content streaming and train, flight bookings, cloud services, groceries.

Chinese giant Alibaba backed, Paytm also tied up with various companies, to offer services.While Flipkart also provides plethora of options.

For, Super Apps to work , a large population must have smartphones, instead of desktops. In India, due to Jio's revolution many people used their first internet on their smartphones. This is why Indian companies are betting on Super Apps.

Large data from super-apps can be used to study User behavior.

This very fear among governments and users that a company can use its dominance to establish monopoly. This is the main reason why Super Apps, weren't successful in US, Australia, and other European countries.

Thanks for Reading.

FOR MORE INFO VISIT OUR YOUTUBE CHANNEL : THE FACT BEE

LINK : https://www.youtube.com/channel/UCPJmVqLO2NyQpm4C7oRjxiw

Comments

AIR INDIA PLANE CRASH

Air India plane crash LIVE: CISF team quarantined as 2 flyers test corona+ Air India Express flight from Dubai overshot the runway at Kozhikode airport and went down 35 feet into a slope before breaking up into two pieces. Photo: Twitter The pilot-in-command Deepak Sathe also died during the Air India plane accident. Stay tuned for latest news live updates Air India Express flight from Dubai with 191 people on board overshot the runway at Kozhikode airport in rainy conditions on Friday and went down 35 feet into a slope before breaking up into two pieces. The Kerala police has reported 11 deaths in the accident. The pilot-in-command, Deepak Sathe, a former Wing Commander of the Indian Air Force (IAF), also died during the accident. Sathe had served at the IAF's flight testing establishment. Black box of crashed AIE flight recovered, toll rises to 18; Probe underway The black box of the ill-fated Air India Express flight that could throw light on how it overshot the runway here and

INDIA'S POSITION IN MANUCFACTURING GOODS WORLDWIDE

INDIA'S POSITION IN MANUCFACTURING GOODS WORLDWIDE Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons. The fi rst is the realisation that relying heavily on China for building capaci ties and sourcing manufacturing goods is not an ideal business strategy due to supply chain disruptions in the country caused by COVID19. The second is the fear of Chinese dominance over the supply of essential in dustrial goods. The third is the growing risk and uncertainty involved in operating from or dealing with China in the light of geopolit ical and trade confl icts between China and other countries, particularly the U.S. Prime Minister Nar

What is making Rupee Gain value, in recent days??

What is making Rupee Gain value, in recent days?? Greetings Indian Rupee rose to a new high of 73.40, owing to powerful FPIs Foreign Portfolio Investors. FDI and FPI, there are two types of Investment route in India. FPIs are using foreign rate differential to bring dollars. Incoming Dollar in India's stock market and steady growth in other Asian currencies, helped rupee to be stronger. According to experts, in upcoming months FPIs can see a surge. RBI's Role When RBI buys dollars, it releases equivalent amount in Rupees, which could put pressure on inflation and yields. It would be interesting to see RBI's next move in upcoming months. Change in Federal Reserve's Policy:- US has also distributed stimulus to its citizens, which brought hopes in investors, leading stock market to a new high. New Policies will help keep interest rates lower, stimulate growth to tackle unemployment. This will help emerging markets like India to attract more capital flow. Thanks for Re

The Fact Bee

Search This Blog