NASSCOM, India’s trade association, which considers tech startups as companies incepted in 2015 or after, released a report in June, which showed that such companies were in dire straits, with only 8% of them having a runway for more than six months. Now, NASSCOM released its follow up survey, Startup Pulse 2, which paints a much more optimistic picture about India’s tech future.
In May, around 90% of IT startups had declining revenues, and about 40% shut down operations on account of the pandemic. However, now, predictions say that over half of companies that fall under this categorization should see revenues recovering to pre-pandemic levels within six months.
The crisis increased digital adoption, a trend that many startups should leverage in attaining new clients, and business opportunities. NASSCOM notes an increased interest from venture capitalists (VCs) and that digitalization, coupled with a greater focus on sustainable business models, is what’s attracting VCs back to the sector.
Blackjack and Online Casinos Sites Are Excellent IT Investments
The implementation of worldwide lockdowns corresponded with a dramatic increase in time spent in front of a mobile screen. Many people turned to their smartphones in search of new methods of entertainment from home. Thus, playing games of chance on the internet became one of the most popular pastimes in 2020, as online gaming sites noticed a dramatic spike in new memberships. Play blackjack online India – was a top search term, and fresh projections say that the online casino sector should hit a market size of $93 billion in the next three years.
Blackjack, Roulette, Andar Bahar, and Teen Patti are the four live games Indian players most enjoy. Currently, Riga-based Evolution Gaming dominates the market, and in 2020, it purchased competitor NetEnt Live. Other top providers include Ezugi and Authentic Gaming. Unlike the slot provider section of the industry, there is still a lot of room for new live table providers. Malta-based Pragmatic Play is the latest company to enter the ring, which has a ton of space for new members.
Though operating a gaming site is illegal in India, Indian entrepreneurs can focus on building technology applicable to this booming industry. Live dealer tables are a fast-growing industry segment with unlimited opportunities as countries are loosening up restrictions, allowing residents to participate in games of chance on the internet. Thus, it is unwise to miss out on investing in this industry while it is relatively under-developed.
FinTech and HealthTech Are Also Quality Investment Options
According to most financial experts, the banking sector is India’s most untapped market. The main reason is that a decent chunk of the Indian population does not have a bank account. FinTech startups are a much-needed disruption to this conservative sector, coming at the heels of the Government’s enthusiasm to turn the country into a cashless economy. Thus, over the last decade, a plethora of cashless payment technologies have flourished in India. Many digital wallets, internet banking options, and mobile point-of-sale services have launched to great success, managing to affect and restructure the financial sector. FinTech has become the most preferred investment choice for venture capitalists. Global brands such as Amazon, Google, and PayPal, have entered the market and caused a massive revolution regarding digital payments. WhatsApp Pay is the newest player, and like those before it, it plans on branching off into offering insurance and micro-credits.Access to healthcare is still a massive issue in India. Thus, many entrepreneurs are now focusing on addressing root cause healthcare problems with new technologies. They do so by developing software that ensures accessibility to up-to-date medical records, timely treatments, and recognizing genetic disorders. Popular startups that operate in this space include Potea, Zoctr, Pharmeasy, Care24, Practo, DoctorInsta, and others.
