Annual transacting user growth for Nykaa
Nykaa's annual transactional customers in the beauty and personal care category increased by 24% in FY23.
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Zomato continues to increase market share in food delivery
One of the key factors contributing to Zomato's increased market share is its aggressive expansion strategy.
Decline in average monthly transacting customers for Zomato
For Zomato average monthly transacting users also fell from 17.4 million to 16.6 million in Q4 FY2023.
The meal delivery industry is experiencing slower growth
Gross order value is declining in the Indian food delivery sector
The meal delivery industry is experiencing slower growth
Zomato and Swiggy are witnessing a slow down in growth
The number of mobile subscribers in India has saturated
After crossing the landmark of 1 billion mobile connections in 2015, the Indian market is near is peaking around 1.143 billion connections as of March 2023.
Mobile phone Market Share, March 2023
Top three provides capture 90.7% of the mobile market
Market share of broadband internet in India, March 2023
The total broadband subscribers increased from 839.33 million at the end of February-23 to 846.57 million at the end of March-23 with a monthly growth rate of 0.86% in India.
India's smartphone market is evolving
Indian smartphone market is evolving, however this fall is just one aspect of it. The way people are spending money on smartphones in the Indian smartphone market has undergone major shift.