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Siddharth Mehta, CIO of Bay Capital views on investment planning | Financial Express

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Siddharth Mehta, CIO of Bay Capital views on investment planning | Financial Express

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Considering the adverse global climate, investment is still tepid, and analysts predict that the country may not shake off its current malaise until much later this year. Siddharth Mehta, Bay Capital founder & CIO claims there has been a "marked slowdown in the pace of deal-making in the market."

"The slowdown in funding is really due to the global macroeconomic and geopolitical headwinds, inflation, and the war in Ukraine,".

According to data from GlobalData, 87 venture capital transactions totaling $696.2 million were disclosed in India during January 2023. In terms of number and value, this was down 13.9% and 23.1% from the previous month, when India witnessed 101 venture capital agreements totaling $905 million. Here's a simple guide by Siddharth Mehta to understand it better:

How should young entrepreneurs plan their investment?

As a young entrepreneur, planning your investment is crucial for the long-term success of your business. Here are some steps you can take to plan your investments effectively:

1.​Set goals: Define your short-term and long-term business goals, as they will guide your investment decisions.

2.​Develop a budget: Create a budget that outlines all your expenses, including operational costs, employee salaries, and other overhead expenses.

3.​Research investment opportunities: Conduct thorough research on investment opportunities that align with your business goals and budget. You may want to consider investing in technology, equipment, marketing, or human resources.

4.​Seek advice: Consult with a financial advisor or mentor who has experience in investing in small businesses. They can provide valuable insights and help you make informed investment decisions.

5.​Diversify your investments: Avoid putting all your money into one investment. Instead, diversify your investments to minimize risks and maximize returns.

6.​Monitor your investments: Keep track of your investments regularly to ensure they are performing as expected and adjust if necessary.

7.​Stay patient: Investing is a long-term strategy that requires patience and discipline. Don't get discouraged if you don't see immediate results and avoid making impulsive decisions.

As remember, successful investing requires careful planning, research, and discipline. By taking the time to plan your investments effectively, you can set your business on a path to long-term success.

What are the things they should keep in mind while setting up a start-up?

Starting a new business can be an exciting and challenging venture. Here are some important things to keep in mind when setting up a startup:

1.​Identify your target audience: Before you start your business, identify your target audience and understand their needs and preferences. This will help you develop products and services that meet their needs and stand out from competitors.

2.​Conduct market research: Research your industry, competitors, and target audience to identify gaps in the market that your startup can fill. This will help you develop a unique value proposition that sets your business apart.

3.​Develop a business plan: A comprehensive business plan will outline your startup's goals, strategies, finances, and operations. It will serve as a roadmap to guide your business and attract potential investors.

4.​Build a strong team: A successful startup requires a strong team with complementary skills and expertise. Hire employees who share your vision and can help you achieve your business goals.

5.​Secure funding: Starting a business requires significant capital investment. Consider seeking funding from investors, venture capitalists, or crowdfunding platforms to help launch your startup.

6.​Focus on customer experience: The success of your startup depends on the satisfaction of your customers. Develop a customer-centric approach that prioritizes their needs and preferences.

7.​Stay agile: Startups are inherently agile and need to be able to adapt quickly to changing market conditions. Be open to feedback and be willing to pivot your strategies as needed.

Starting a business can be challenging but keeping these tips in mind can help you set up a strong foundation for your startup's success.

What are the three things they should keep in mind?

"Starting a new business can be an exciting and challenging journey", especially for young entrepreneurs who are just starting their entrepreneurial careers. Here are three important things that young entrepreneurs should keep in mind when starting a new business:

1.​Be Passionate and Determined: Starting a new business can be a long and difficult process that requires a significant amount of time, effort, and resources. As a young entrepreneur, you must be passionate about your business idea and be determined to overcome the challenges that come with starting a new business. It is important to believe in yourself and your vision for your business, even when faced with setbacks or obstacles.

2.​Focus on Your Customers: Your customers are the lifeblood of your business, and it is essential to understand their needs, preferences, and pain points. As a young entrepreneur, it is important to prioritize customer satisfaction and build strong relationships with your customers. Focus on creating a positive customer experience, delivering high-quality products or services, and soliciting feedback to continually improve your offerings.

3.​Be Resourceful and Adaptable: Starting a new business requires creativity, resourcefulness, and adaptability. As a young entrepreneur, you may not have access to a large amount of capital, an established network, or extensive industry experience. However, you can leverage your creativity and resourcefulness to find innovative solutions to problems, build relationships with industry leaders, and learn from your mistakes. "It is essential to stay flexible and adaptable, willing to pivot your strategies as needed to meet the changing needs of your business and industry"

In summary, young entrepreneurs should focus on being passionate and determined, prioritizing their customers, and being resourceful and adaptable when starting a new business.

What is lifestyle investment? And how to ensure it brings profit.

Lifestyle investment refers to investments that align with an individual's personal values, interests, and preferences. This type of investment focuses on investing in assets or ventures that reflect a particular lifestyle or passion, such as art, music, travel, or sports.

To ensure that lifestyle investments bring a profit, here are a few tips to keep in mind:

1.​Do your research: As with any investment, it's essential to conduct thorough research before investing in a lifestyle asset. This can involve researching market trends, analyzing potential risks, and assessing the investment's potential for growth.

2.​Build a diversified portfolio: Investing in a range of assets or ventures can help minimize risk and increase the likelihood of a profitable return. Consider investing in different areas of your lifestyle interest or passion, rather than focusing solely on one asset.

3.​Seek expert advice: If you're new to investing in a particular area, consider seeking expert advice from a financial advisor or investment specialist. They can provide valuable insights and help you make informed investment decisions.

4.​Monitor your investments: Keep track of your investments regularly to ensure they are performing as expected. If an investment is underperforming, consider taking action to mitigate the risk or exit the investment.

5.​Be patient: Lifestyle investments may not generate immediate returns, and it's essential to be patient and take a long-term view. Recognize that investing in lifestyle assets is often a passion-driven pursuit rather than a pure financial one.

In summary, lifestyle investment is a unique investment approach that can align with an individual's personal values and interests. To ensure a profitable return, walk on the path of prominent entrepreneurs like Siddharth Mehta, Bay Capital CIO, and focus to conduct thorough research, build a diversified portfolio, seek expert advice, monitor your investments regularly, and be patient.

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Are you a young entrepreneur who is planning to invest? Here's your guide

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Considering the adverse global climate, investment is still tepid, and analysts predict that the country may not shake off its current malaise until much later this year. Siddharth Mehta, Bay Capital founder & CIO claims there has been a "marked slowdown in the pace of deal-making in the market."

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Abstract

India is at the cusp of a digital revolution. Declining broadband prices, aided by the launch of 3G services followed by the launch of 4G services, and now 5G, have been driving this trend which has led to an ever-increasing number of netizens. The changing lifestyles of the country's urban population and the convenience of shopping from one's house have also led many people relying on the internet for their shopping needs. B2C players like Snapdeal.com, Amazon.com and Flipkart.com have made intensive efforts to upgrade their areas such as logistics and the payment infrastructure. Furthermore, the Indian consumer's perception of online shopping has undergone drastic change, and only for the good.

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Abstract India is at the cusp of a digital revolution. Declining broadband prices, aided by the launch of 3G services followed by the launch of 4G services, and now 5G, have been driving this trend which has led to an ever-increasing number of netizens.

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India emerged stronger, more resilient due to digital transformations: RBI annual report

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India emerged stronger, more resilient due to digital transformations: RBI annual report

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The Reserve Bank of India (RBI), in its annual report for FY23, said that digital transformations were responsible for India's post-pandemic resilience. It said that India saw massive growth in total digital payments during the pandemic and after the pandemic period. Transactions routed through digital modes recorded a marked expansion in 2022-23 over and above the strong growth witnessed a year ago.

"In 2022-23, total digital payments recorded growth of 57.8 per cent and 19.2 per cent in volume and value terms, respectively, on top of growth of 63.8 per cent and 23.1 per cent, respectively, in the previous year," the annual report said, which was released today.
Also Watch | India's Q4 GDP growth pegged at 5.5%, FY23 growth seen at 7%; Will India continue to surpass China?
It added that India outpaced other nations to emerge as the largest player in real-time transactions at the global level, with a 46 per cent share in 2022.

"The strong penetration and growth in Unified Payments Interface (UPI) were buoyed by rapid merchant onboarding, growing digital awareness and policy thrust on continuous enhancements in the scope and reach of payment systems," the report further said.
UPI and UPI Lite
The report highlighted that the central bank released the Payments Vision 2025 in the last fiscal with the theme 'E-Payments for Everyone, Everywhere, Everytime', which focussed on further elevating India's payment systems to empower every user with safe, secure, reliable, accessible, affordable and efficient payment options.

The RBI introduced many new streams in payment systems to enrich functionalities and onboard consumers on the digital journey.

Listing the additions, the report said: "The UPI Lite was introduced to facilitate small value transactions in offline mode using UPI through an on-device wallet. Linking of RuPay credit cards to UPI was permitted to deepen usage by broadening the financial products linked for payment processing. Introduction of single block multiple debits in UPI enhanced the capabilities for merchant payments."

The central bank also extended the reach of UPI to non-resident Indians and foreign nationals in a bid to ease merchant payments.

"The linking of UPI with PayNow of Singapore helped facilitate low-cost fund transfers and remittances between the two countries. The scope of the Bharat Bill Payment System (BBPS) was expanded to include all categories of payments and collections. BBPS was also extended to provide a standardised bill payment experience to NRIs," the report added.

For the current fiscal FY24, the central bank said it aims at expanding the ongoing pilots in the CBDC (central bank digital currency) -- Retail and CBDC-Wholesale -- by incorporating various use cases and features.

On Monday, a PwC India report said that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country.

UPI accounted for approximately 75 per cent of the total transaction volume in the retail segment during the period of 2022-23, the PwC India, The Indian Payments Handbook - 2022-27, stated.

Indian economy and future outlook

The report added that on the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures.

The annual report, however, further said that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.

"On the back of sound macroeconomic policies, softer commodity prices, a robust financial sector, a healthy corporate sector, continued fiscal policy thrust on quality of government expenditure, and new growth opportunities stemming from global realignment of supply chains, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures," it said.

Risks to inflation have eased with downward corrections in global commodity and food prices and easing of the pass-through from high input cost pressures of last year, it added.

The RBI's Annual Report for 2022-23, which is a statutory report of its Central Board of Directors, further highlighted its monetary policy remains focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth.

"With a stable exchange rate and a normal monsoon -- unless an El Nino event strikes -- the inflation trajectory is expected to move down over 2023-24, with headline inflation edging down to 5.2 per cent from the average level of 6.7 per cent recorded last year," the report said.

The central bank has raised the policy repo rate by 250 basis points in the last one year. The report said the RBI will also steer the disinflationary process, along with supply-side measures to address transient demand-supply mismatch due to food and energy shocks.

"Monetary policy remains focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth," it added.

It is to be noted that the RBI introduced its Central Bank Digital Currency (CBDC) in phases during the year, with the launch of pilots for the Digital Rupee in the wholesale and retail segments on November 1, 2022, and December 1, 2022, respectively.

The pilots were preceded by the issuance of a 'Concept Note' on CBDC to create awareness about CBDCs in general and the planned features of e-Rupee in particular.

(With agency inputs)

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India emerged stronger, more resilient due to digital transformations: RBI annual report

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The Reserve Bank of India (RBI), in its annual report for FY23, said that digital transformations were responsible for India's post-pandemic resilience. It said that India saw massive growth in total digital payments during the pandemic and after the pandemic period.

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Siddharth Mehta founder of Bay Capital shares about digitalization growth in India

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Siddharth Mehta founder of Bay Capital shares about digitalization growth in India

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#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta #digitalization #india

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The next wave of growth in Digital Bharat lies in the democratization of data; insights from AppsFlyer’s MAMA India, ET BrandEquity

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The next wave of growth in Digital Bharat lies in the democratization of data; insights from AppsFlyer’s MAMA India, ET BrandEquity

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The next wave of growth in Digital Bharat lies in the democratization of data; insights from AppsFlyer’s MAMA India, ET BrandEquity

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AppsFlyer recently concluded the India edition of its iconic global MAMA event series. Held in Mumbai on December 2, the conference brought together stakeholders from the Indian app ecosystem to deliberate on the state of the digital economy and identify the emerging growth levers in Tier 2 and 3 ma…

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digital economy growth: India's digital economy grew 2.4 times faster than economy in 2014-19: RBI article - The Economic Times

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digital economy growth: India's digital economy grew 2.4 times faster than economy in 2014-19: RBI article - The Economic Times

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ETtech
India's core digital economy (hardware, software publishing, web publishing, telecommunication services, and specialised and support services) increased from 5.4% of Gross Value Addition (GVA) in 2014 to 8.5% in 2019 (Illustration: Rahul Awasthi)

India's digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper published in the latest bulletin of the Reserve Bank of India. In absolute terms, the size of the digital economy has grown from $107.7 billion in 2014 to $222.5 billion in 2019.

In absolute US dollar terms, India's digital economy exhibited a growth rate (compounded annually, CAGR) of 15.62 per cent between 2014 and 2019, while India's economy (GVA) grew annually at a compound rate of 6.59% (as per ADB's IO tables).

This shows that India's digital economy grew 2.4 times faster than the Indian economy itself, said the article authored by Dhirendra Gajbhiye, Rashika Arora, Arham Nahar, Rigzen Yangdol, and Ishu Thakur from the Department of Economic and Policy Research, RBI.

The CAGR of digital GVA as a percentage of GVA is a normalised measure of annual growth.

India's core digital economy (hardware, software publishing, web publishing, telecommunication services, and specialised and support services) increased from 5.4% of Gross Value Addition (GVA) in 2014 to 8.5% in 2019.

"India posted a growth rate of 9.47%. This again suggests that the digital economy GVA for India grew at a rate faster than the economy-wide GVA between 2014 and 2019," it said.

RBI said the views expressed in the article are those of the authors and do not represent the views of the central bank.

The industries with the highest forward linkages from the aggregate core digital economy in 2019 are construction, renting of machinery and equipment, food beverages and tobacco, textiles and textile products, and electrical and optical equipment.

The rate of growth of the core digital economy was 2.4 times faster than the annual growth rate of the whole economy. The core digital economy prominently acts as a supplier of value-added to the non-digital sectors because the forward linkages are stronger than the backward linkages.

"To increase the ability of the digital economy to act as a pull force by spurring innovation, generating efficiencies and improving services, policies such as Make in India, PLI scheme, which incentivise domestic production of computers, electronics etc. are crucial for India's growth going forward," it said.

As per the article, the digitally dependent economy was around 22.4% of the overall economy in 2019.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

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India's digital economy grew 2.4 times faster than economy in 2014-19: RBI article

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In absolute US dollar terms, India's digital economy exhibited a growth rate (compounded annually, CAGR) of 15.62 per cent between 2014 and 2019, while India's economy (GVA) grew annually at a compound rate of 6.59% (as per ADB's IO tables).

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Year Ender 2022: India’s Digital health space witnessed immense growth this year; 2023 to be more opportunistic | The Financial Express

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Year Ender 2022: India’s Digital health space witnessed immense growth this year; 2023 to be more opportunistic | The Financial Express

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Year Ender 2022: India’s Digital health space witnessed immense growth this year; 2023 to be more opportunistic | The Financial Express

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In terms of revenue, the digital healthcare market in India was valued at Rs. 252.92 Billion in FY 2021. It is expected to reach Rs. 882.79 Billion by FY 2027, expanding at a CAGR of 21.36% during the FY 2022 - FY 2027 period.

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‘India stands tall as one of the largest digital hubs in the world'

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‘India stands tall as one of the largest digital hubs in the world'

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The top 50 quotes of 2022 on the India business opportunity

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Drawn from our comprehensive coverage over the year, we present 50 insightful quotes on the opportunities, challenges and trends in India’s business ecosystem.

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Here's what a Paytm report tells us about India's UPI journey in 2022

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Here's what a Paytm report tells us about India's UPI journey in 2022

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Representative image

With India's digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 per cent in value and volume, respectively, were recorded in assisted financial transactions across semi-urban and rural retail counters in the country in 2022.

A recent report by Paytm highlighted interesting trends of transactions made through Paytm in the last year.

Here are some facts about UPI transactions in India:

Who is fueling India's digital payments?
According to a report, Delhi-NCR has emerged as India's digital payments capital. Katpadi from Tamil Nadu turned out to be the fastest growing city for digital payments with 7x growth in 2022.

The company helped its users avoid 1,618,796,629 trips to ATMs. Paytm is taking digital payments far and wide, driving financial inclusion with two out of three of its new users coming from smaller cities and towns.

Did you know this about transactions on Paytm?

An intriguing observation is that the maximum number of payments have been done at 7.23 p.m. with Wednesday emerging as the busiest day in the week for digital transactions.

Two of the most common names among Paytm's users are Rahul and Pooja, according to the report.

Chennai and Trichy in Tamil Nadu have the highest percentage of offline payments on food and beverages while Amritsar saw the highest spend on health and grooming through Paytm.

Noida and Nagpur saw the highest percentage of spending via Paytm on micro sellers or street side vendors. Paytm's market in the North East also saw huge growth.

What is the status in North East?
The fastest growing cities in the North East for UPI transactions are -- Lohit in Arunachal Pradesh, South Sikkim and Ranipool, and Assam's Guwahati, Dibrugarh, Jorhat and Kamrup, the report mentioned.

"As the pioneer of QR and mobile-based payments in India, we continue to see widespread love for the most trusted payments app -- Paytm," said a company spokesperson.

"Over the last year, we have seen greater adoption among consumers and merchants, leading to some interesting trends with Paytm UPI leading the way. With the trust bestowed upon us by our users, we remain focused on driving financial inclusion in India," the spokesperson added.

Unique Paytm users of 2022
One user made transactions in 106 cities across 20 states. Another user booked flights between Mumbai and Delhi 358 times using the Paytm app, said the report.

Paytm continues to strengthen its leadership in offline payments with more than 5.5 million merchants now paying subscriptions for payment devices.

Paytm Soundbox is the sound of merchant transactions in India, with a new merchant and their customers being greeted by its melody every six seconds.

With Paytm UPI, the company enables seamless and superfast money transfers. One user referred more than 1,300 of his friends and family to Paytm last year and earned over Rs 1 lakh.

"Engaging observations have been seen in merchant transactions with Rs 20 being the most common amount paid on Paytm merchant QRs. Varanasi has seen 213 per cent growth in Offline QR transactions," the findings showed.

How Indians used Paytm during festivals?
During the online Diwali sale season, the highest amount spent by a single user was Rs 2.8 lakhs.

Another festival that saw a high volume of Paytm UPI transactions is Rakhi, with Rs 1,100 being the favourite "shagan".

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Here's what a Paytm report tells us about India's UPI journey in 2022

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With India's digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 per cent in value and volume, respectively, were recorded in assisted financial transactions across semi-urban and rural retail counters in the country in 2022.

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Digital technology makes family life better than before says Siddharth Mehta, Bay Capital Founder

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Digital technology makes family life better than before says Siddharth Mehta, Bay Capital Founder

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#siddharthmehtabaycapital #siddharthmehtailfs #siddharthmehta #siddharth #mehta #baycapital #ilfs #digitaltechnology

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Siddharth Mehta and Bay Capital Company Information

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Siddharth Mehta and Bay Capital Company Information

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#siddharthmehtabaycapital #siddharthmehta #baycapital

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Total number of appointments 1

Company status

Active

Correspondence address

Bay Capital Partners Uk Limited, 21 Upper Brook Street, London, England, W1K 7PY

Role Resigned

Director

Appointed on

29 January 2016

Resigned on

13 June 2019

Nationality

Indian

Country of residence

Singapore

Occupation

Financier

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Siddharth Mehta Bay Capital | Justpasteit

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Siddharth Mehta Bay Capital | Justpasteit

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#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta

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Digital marketplace grows to trillions says Siddharth Mehta Bay Capital

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According to Mr. Siddharth Mehta CIO & Founder of Bay Capital the digital marketplace of India is in billions and it could easily grow to trillions in few years.

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Siddharth Mehta of Bay Capital speaks about the investment plans of his company

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Siddharth Mehta of Bay Capital speaks about the investment plans of his company

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#siddharthmehtabaycapital #siddharthmehta #baycapital #investment

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Daily Voice | Bay Capital continues to invest in these four broad themes, says founder Siddharth Mehta

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"We continue to invest in four broad themes: Digitisation, financialisation, specialised outsourcing, and consumption," Siddharth Mehta, founder and investment chief at Bay Capital, said in an interview to Moneycontrol. He added that Bay Capital continues to be excited by the long-term structural opportunity in India, notwithstanding the near-term challenges.

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Bay Capital Founder and CIO Siddharth Mehta | Preqin

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Bay Capital Founder and CIO Siddharth Mehta | Preqin

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Siddharth Mehta founded Bay Capital Partners in January 2006.

#siddharthmehtabaycapital #siddharthmehta #baycapital #preqin

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Bay Capital Partners Fund Manager Profile | Preqin

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Bay Capital Partners is a Mumbai-based hedge fund manager founded by Siddharth Mehta in January 2006. The firm seeks to achieve positive absolute returns ove...

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Bay Capital Founder Siddharth Mehta Believes

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Bay Capital Founder Siddharth Mehta Believes

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Siddharth Mehta, Founder of Bay Capital is of the view that however, the FM's prior declarations have been exceptionally certain.

#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta

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Siddharth Mehta Bay Capital - Find and update company information

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Siddharth Mehta Bay Capital - Find and update company information

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#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta

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Total number of appointments 1

Company status

Active

Correspondence address

Bay Capital Partners Uk Limited, 21 Upper Brook Street, London, England, W1K 7PY

Role Resigned

Director

Appointed on

29 January 2016

Resigned on

13 June 2019

Nationality

Indian

Country of residence

Singapore

Occupation

Financier

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Multidecadal opportunities | Siddharth Mehta Bay Capital

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Multidecadal opportunities | Siddharth Mehta Bay Capital

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Bay Capital Founder & CIO  Siddharth Mehta says, “Opportunities available from four broad themes include ‘digitalization, financialization, specialized outsourcing, and, at the core of it all, consumption’. These are multi-decadal opportunities, and it is our conviction that very high-quality companies addressing these themes will be able to deliver long-term compounding returns.”

#siddharthmehtabaycapital #siddharthmehta #baycapital #siddharth #mehta

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What are the major sectors to look out for multi-decadal opportunities?

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Tilak Verma's answer: Founder & CIO of Bay Capital Siddharth Mehta says, "Opportunities available from four broad themes include 'digitalization, financialization, specialized outsourcing, and, at the core of it all, consumption'. These are multi-decadal opportunities, and it is our conviction th...

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India's digital marketplace will reach till trilions - Siddharth Mehta Bay Capital

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India's digital marketplace will reach till trilions - Siddharth Mehta Bay Capital

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Siddharth Mehta of Bay Capital says "I think India is about 13 - 14 years behind China in terms of size and scale of the market. India's overall digital marketplace is about sub US$100bn today or US$2tn over the next 10 to 15 years.

#siddharthmehtabaycapital #siddharthmehta #baycapital #digitalization

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The economy of India is growing says Siddharth Mehta IL&FS 

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The economy of India is growing says Siddharth Mehta IL&FS 

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#siddharthmehtailfs #siddharthmehtabaycapital

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Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."

Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!

In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.

Pandemic has accelerated growth in the digital space!

Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."

Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.

In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."

The initiative towards Digital activities of several investors such as Siddharth Mehta IL&FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

# data[].attributes.attachment_link.description
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that “Businesses will need to think ‘digital’ if they are to compete and grow over the next decade.” Siddharth Mehta is very excited about inve…

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Consumers are moving towards digital platforms like online transactions, educational services, and Video KYC are some examples says Siddharth Mehta IL&FS. 

# data[].attributes.subject
Consumers are moving towards digital platforms like online transactions, educational services, and Video KYC are some examples says Siddharth Mehta IL&FS. 

# data[].attributes.body
#siddharthmehtailfs #siddharthmehtabaycapital

# data[].attributes.attachment_link.readable_text
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."
Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!
In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.
Pandemic has accelerated growth in the digital space!
Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."
Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.
In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."
The initiative towards Digital activities of several investors such as Siddharth Mehta IL&FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

# data[].attributes.attachment_link.description
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.

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After few years there will be a huge growth of digitization in an Indian economy says Siddharth Mehta IL&FS

# data[].attributes.subject
After few years there will be a huge growth of digitization in an Indian economy says Siddharth Mehta IL&FS

# data[].attributes.body
siddharth mehta il&fs, siddharth mehta bay capital, siddharth mehta,

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Business Wire India Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."

Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!

In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.
Pandemic has accelerated growth in the digital space!
Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than $800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."

Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.

In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."

The initiative towards Digital activities of several investors such as Siddharth Mehta IL&FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.

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The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS - Social News XYZ

# data[].attributes.attachment_link.description
Business Wire IndiaSiddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think ‘digital’ if they are to compete and grow over the next decade." Siddharth Mehta is very... - Social News XYZ

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Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, ILFS and CIO of Bay Capital.

# data[].attributes.headline
Digital Space is widely growing in India, Says Siddharth Mehta IL&FS 

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Digital Space is widely growing in India, Says Siddharth Mehta IL&FS 

# data[].attributes.body
#siddharthmehtailfs #siddharthmehtabaycapital #siddharthmehta

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Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta ILFS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online. Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.

Pandemic has accelerated growth in the digital space!Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors dueto the growth and profitability profile.

In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."The initiative towards Digital activities of several investors such as Siddharth Mehta ILFS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, ILFS

# data[].attributes.attachment_link.description
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta ILFS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.

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Siddharth Mehta IL&FS views on the growth of Digital Space in Indian market

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Siddharth Mehta IL&FS views on the growth of Digital Space in Indian market

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Siddharth Mehta, Former Director, IL&FS shares his views on the growth of digital space in an Indian market after the pandemic.

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Breaking news, top new, latest news, world news | Indian Economic Observer

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

# data[].attributes.attachment_link.description
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that “Businesses will need to think ‘digital’ if they are to compete and grow over the next decade.”

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Internet economy of India could grow 10 times in few years, Says Siddharth Mehta, Former Director, ILFS

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Siddharth Mehta IL&FS believes Internet economy could grow 10x in the next 10 years

# data[].attributes.subject
Siddharth Mehta IL&FS believes Internet economy could grow 10x in the next 10 years

# data[].attributes.attachment_link.readable_text
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta ILFS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online. Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.

Pandemic has accelerated growth in the digital space!Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors dueto the growth and profitability profile.

In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."The initiative towards Digital activities of several investors such as Siddharth Mehta ILFS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, ILFS

# data[].attributes.attachment_link.description
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta ILFS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.

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In India People Spend 6.5 hours In Digital Space - Siddharth Mehta IL&FS

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In India People Spend 6.5 hours In Digital Space - Siddharth Mehta IL&FS

# data[].attributes.body
Siddhart Mehta IL&FS- Indian people are are spending more than 6 hours on internet in a day and consumer dependency on the internet will increase the growth of internet economy in India.

# data[].attributes.attachment_link.readable_text
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."
Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!
In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.
Pandemic has accelerated growth in the digital space!
Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."
Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.
In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."
The initiative towards Digital activities of several investors such as Siddharth Mehta IL&FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

# data[].attributes.attachment_link.title
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

# data[].attributes.attachment_link.description
Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.

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Siddharth Mehta IL&FS believes that Internet economy could grow rapidly

# data[].attributes.subject
Siddharth Mehta IL&FS believes that Internet economy could grow rapidly

# data[].attributes.body
Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they want to be in this market.
As every consumers are start using digital platform in their day to day lives which will drastically grow the use of internet and also helps in the growth of an Indian economy.
To read the full article click here

# data[].attributes.attachment_link.readable_text
The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."
Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one. Because India has seen a tremendous increase in the overall penetration of the internet owing to strong growth in low-cost smartphones, a significant reduction in data prices, the creation of an ecosystem of products and services driven by the government's digital initiatives, and the development of low cost, robust payment systems. Today, there are over 758 Mn internet users in India with ~700 Mn smartphones. In fact, the average data consumption per user per month in India is the highest in the world at ~13.5 GB and Indians spend almost 6.5 hours per day online.

Talking about its initiation towards being digital and its impact on the market is tremendous. Over the course of the last decade, India has laid down the digital infrastructure pipelines - so much so, that today Digital activity has become part of daily lives of over half the country and has enabled India to circumvent the challenges posed by its poor physical infrastructure. Be it bank accounts, KYCs, daily transactions, accessing government services, education services, and even COVID vaccinations, all of this is now digitally led in India. Just to put things in perspective, India has the highest volume of real time payment transactions with over 25 Bn transactions in 2020. China was next at about 16 Bn transactions in 2020!
In such a scenario, it can be said that India is now on the path to becoming the largest digitize business hub in less than twenty years. COVID-19 also plays an essential role to help India in rolling out the digitalization aspects. It has acted as an accelerator for the adoption of the digital economy. In every sector and in every business aspect, digital activity has become extremely important and relevant as this was the only way for consumers to access products and services and for businesses to operate.
Pandemic has accelerated growth in the digital space!
Siddharth Mehta founder and CIO of Bay Capital said that "The digital transformation of India is only just accelerating, and we believe the internet economy could grow 10x in 10 years from here on (to get to more than USD 800 billion), resulting in many large businesses accreting significant shareholder wealth. The nature and shape of the Indian economy and financial markets will be very different in 2030 than they are today."
Today, the digital ecosystem has evolved, and many segments have consolidated with clear leaders emerging. Across the globe, the nature of digital economy dictates that the consumer would tend to gravitate towards fewer platforms. Within this, leadership businesses will end up having far larger share of traffic, revenue as well as profit pool! Many large digital, consumer tech companies are already profitable on EBITDA level and PAT profits look imminent. Quite a few of these franchises plan to list in the next 12-24 months and will be very well sought after by public market investors due to the growth and profitability profile.
In the last 20 years, technology has leapfrogged significantly and digital has become a part of our daily lives. With each passing moment, consumer awareness and dependence on internet is only increasing and this has led to rapid decline in customer acquisition costs and increased the overall Life Time Value of the customer for digital businesses. The impact of this has not been lost on the overall investment community as well. Focusing on investment opportunities in India's internet/digital ecosystem as a result of digital transformation, Siddharth Mehta of Bay Capital has stated that "Yes, indeed, there are many outstanding businesses that have created tremendous scale and are seeing their paths to profitability getting accelerated. We are particularly interested in those businesses that are solving uniquely Indian problems in uniquely Indian ways and those that are targeting the next billion internet users in India."
The initiative towards Digital activities of several investors such as Siddharth Mehta IL&FS Former Director will change the overall scenario of digital transformation in business very dramatically in 3-5 years.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS

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The Pandemic Has Accelerated Growth in the Digital Space, Says Siddharth Mehta, Former Director, IL&FS Mumbai (Maharashtra) [India], March 30 (ANI/BusinessWire India): Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade."Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.

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India is going digital as people are moving towards digitalization, says Siddharth Mehta IL&FS

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India is going digital as people are moving towards digitalization, says Siddharth Mehta IL&FS

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India is going digital as people are moving towards digitalization like online tranasctions, education services, and Video KYC's.

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digital india businesses internet mehta bay capital digital digitalization ecosystem ecosystemsiddharth evolution fs il infrastructure initiatives internet mehta notfrontpage pandemic payment pressrelease siddharth systems transformation

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The Pandemic Has Accelerated Growth in the Digital Space_ Says Siddharth Mehta_ Former Director_ IL&FS

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Siddharth Mehta IL&FS Former Director and currently Founder and CIO of Bay Capital believes that "Businesses will need to think 'digital' if they are to compete and grow over the next decade." Siddharth Mehta is very excited about investing in the Indian market rather than any other emerging and developed one.