Emerging Economies | August 25, 2017 |
Dear Subscribers,
Here is another weekly digest on Emerging Markets, highlighting Peru-vian venture capital scene and how it's catching up with its Latin American neighbours, how Kenyan entrepreneurs are using Telegram Bots for upcoming elections, investments across Myanmar, South Korea and SE Asia, the state of Indian AgriTech, and the future of video mobile advertising in India.
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| | By Aarzu Khan - DazeInfo Days before the upcoming elections in Kenya, an entrepreneur took a wise step to keep the nation informed. We're talking about an app that is about to revolutionize the information systems and how voters get news from and follow the election process. | | By Yoolim Lee - Bloomberg Grab, Southeast Asia's biggest ride-hailing app, plans to invest $100 million in Myanmar as it extends its battle with Uber Technologies Inc. to capture exploding use of smartphones.
Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as its in-app digital payment feature GrabPay, President Ming Maa said. It will grow its workforce in Myanmar about fivefold to 200, he added. | | Yon Heong Tung - e27 South Korea-based accelerator and fund network SparkLabs Group is launching a US$50 million fund called SparkLab Ventures. The fund will be led by a number of C-suite executives including Chris Koh, Co-founder of South Korean e-commerce platform Coupang. | | By Victoria Stunt (@vgstunt) - TechCrunch Lima is a bustling capital city located on the Pacific Ocean. Its culinary scene is repeatedly rated as one of the best in the world. Furthermore, Lima's metropolitan area inhabits 10 million people, about one-third of the Peruvian population. It is the fifth largest metropolitan area in Latin America. However, while for the past decade the Peruvian economy has been one of the fastest moving in the region — it has an average growth rate of 5.9 percent — it's apparent Peru's technology ecosystem is still in its infancy. A country that's economically driven by mining, Peru invests just 0.08 percent of its GDP in innovation today. | | By Inc42 Media With more than half of India's population engaged in agriculture and by the virtue of India holding the second largest agricultural land in the world the sector has been one of the primary focus areas of all government. While significant advances were made in this sector during the Green Revolution in the 1950s & 60s, the same pace has not been followed in the subsequent years.This report explores the potential of AgriTech industry in India. With rapidly growing Internet penetration even in rural areas coupled with increasing private sector interest and entrepreneurial activity, this can drastically change the life of a lot of Indian farmers who have been left untouched by the benefits of technology. The opportunity is massive, almost over $200 Bn and, with technology and fresh thinking, private enterprise along with government support can turn around the fate of millions of Indian farmers. | | By Rishabh Borde - DazeInfo Digital advertising has been around since the very early days of the internet. It is – and has always been – one of the most popular monetization models in the digital world. As of today, it forms the core business model of many digital ventures, including news, entertainment, media and much more. India is the second biggest smartphone market in Asia-Pacific. By 2019, smartphone penetration is expected to reach 39%, driven by improvement in 4G networks, access to affordable 4G smartphones and mobile internet bundle prices. With Indians spending an average of 2.5 hours a day on their smartphones, video is quickly becoming the preferred medium of content consumption. This, in turn, is driving an increase in advertising spends on video to match its growing demand. InMobi analyzed a half-years' worth of data to bring to you the most powerful insights on how marketers are leveraging Video as part of their mobile advertising strategy. | |
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